Which of the Following Is an Example of an Indirect

question 63

Multiple Choice

Which of the following is an example of an indirect cost of crime?

• A)maintenance costs of jails and prisons
• B)salaries of law enforcement personnel
• C)the purchase of police cars
• D)the expense of private surveillance and security devices

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Definitions:

Perfectly Inelastic

Describes a situation where the quantity demanded or supplied does not change in response to a change in price; the demand or supply curve is vertical.

Labor Supply Curve

A visual diagram that illustrates the connection between the salary provided and the amount of work employees are ready to offer.

Competitive Firm

A company operating in a market where there are many buyers and sellers, and no single entity can influence the market price.

Human Capital Investment

The process of increasing the value of a workforce through education, training, and health initiatives.