When the Probability of Cheating Being Detected Is Zero,the Becker

question 1

Multiple Choice

When the probability of cheating being detected is zero,the Becker Rational Model predicts that people will:

• A) Cheat, without limit
• B) Cheat, by weighing the clear-cut benefits against the uncertain harm to their self-esteem
• C) Not cheat at all if they are believers in virtue ethics
• D) Not cheat, as long as the severity of punishment in society is severe

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Definitions:

Industry Being Regulated

The sector of an economy that is subject to oversight and control by governmental or regulatory bodies to ensure fairness, safety, and adherence to rules.

Inefficiencies

Situations or processes that waste resources, resulting in lower productivity or effectiveness than potentially achievable.

Public Choice Theory

The economic analysis of government decision making, politics, and elections.

Government Decision Making

The process by which officials of a government choose options and take actions affecting the country or a section of its population.