Theft Deterrent Devices Are of Two Types - Passive or Active.Which

question 4

Multiple Choice

Theft deterrent devices are of two types - passive or active.Which of the following is an example of an active device?

• A) Audible alarm.
• B) A boot.
• C) Ignition lock collars.
• D) All of the preceding can be active devices.

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Definitions:

Income Effect

A change in the demand for goods or services attributed to a change in consumers’ income.

Substitution Effect

An economic principle describing how changes in the price of goods lead consumers to replace these goods with cheaper alternatives, affecting the quantity demanded.

Indifference Curve

An illustration representing a consumer's preference equilibrium between two products, indicating no preference difference.

Slopes Downward

Describes a line or curve on a graph that decreases in value as it moves from left to right, often used in the context of supply and demand curves.