The Crime of __________ Occurs When Customers Use a Middleman

question 39

Multiple Choice

The crime of __________ occurs when customers use a middleman to illegally place bets on horse and dog races,professional sporting competitions,and other events.

• A)bookmaking
• B)shakedown
• C)gambling
• D)criminal usury

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Definitions:

Economic System

The structure of methods and principles a society uses to produce and distribute goods and services.

Price Mechanism

The way in which the forces of supply and demand determine the price of goods and services in a free market.

Efficient Allocation

The process where resources are distributed in a manner that maximizes the net benefits attained through their use.

Socialist Economy

An economic system where the production, distribution, and exchange of goods and services are controlled by the government with the aim of reducing inequality.