51. From the viewpoint of potential criminals, the probability of being fined or

Question

51. From the viewpoint of potential criminals, the probability of being fined or imprisoned: A. Raises the marginal utility of criminal behavior B. Lowers the marginal utility of criminal behavior C. Raises the marginal cost or "price" of criminal behavior D. Lowers the marginal cost or "price" of criminal behavior 52. The following are major observations made by behavioral economists regarding human behavior, except: A. workers tend to spend and consume too much in the present, thus not saving enough for retirement B. People tend to stick with the default option when faced with various alternatives C. People behave in ways that seem irrational at first glance D. People often intentionally act in irrational ways 53. The following statements about behavioral economics are true, except: A. Its insights help policymakers determine how to nudge people to make certain choices B. It combines insights from economics, psychology, and neuroscience to better understand how people behave C. It assumes that people are always rational, deliberate, and objective in their choices D. It studies how people deal with choices involving "goods" as well as "bads" 54. Which of the following facts is not a basis for prospect theory in behavioral economies? A. People evaluate gains and losses in relation to the status quo, not in absolute terms B. People feel losses much more intensely than they fell gains C. People experience diminishing marginal disutility for losses D. People do not experience diminishing marginal utility for gains 55. Prospect theory in behavioral economies predicts that as the price of flour increases, bakeries will A. Increase the unit prices of their products B. Reduce the unit sizes of their products C. Produce more units of their products D. Buy more flour for their products

Explanation / Answer

Answer 51 : Option ‘C’ is Correct.

Raises the marginal cost or "price" of criminal behavior

Related Questions

Navigate

• Browse (All)
• Browse 5
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.