Marion Purchased a Digital Camera,paying with a Promissory Note

question 17

Multiple Choice

Marion purchased a digital camera,paying with a promissory note.The note stated that Marion promised to pay $300 (the purchase price of the camera) in 10 monthly installments of $30 plus interest.Payments are due on the first day of each month,starting in January 2010.The interest is to be calculated as "three percent over the Chase Manhattan Prime Rate." Is this instrument negotiable?

• A)No,because the future prime rate is not known at the time of the making of the note.
• B)No,because the note does not describe a fixed amount of money to be paid.
• C)Yes,because the variable rate of interest is calculated by reference to an index.
• D)Yes,because the future prime rate is known at the time of the making of the note.

Describe the historical context and examples of how deviance has been socially constructed and controlled.

Critically analyze the limitations of the functional perspective on deviance.

Differentiate between types of deviance (informal, formal) and crimes (white-collar, etc.).

Understand labeling theory and its implications for deviant identity and behavior.

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Definitions:

National Saving

The total amount of savings in a country, which is comprised of both private savings by households and the savings of the government, representing the difference between a nation’s income and consumption.

Open Economy

An economy that allows for trading and financial transactions with other countries.

Investment

Refers to the purchase of goods that are not consumed today but are used in the future to create wealth, such as purchasing machinery for a factory.

Net Capital Outflow

The difference between domestic residents’ investments abroad and foreigners’ investments in the domestic economy.