How do rates of violent victimization vary with age

Reference no: EM132196962

Question: 1. Violent crime rates vary across places and over time. What is the best description of how rates of violent crime today compare with what they were in the early 1990s?

A. Twice as high.

B. About 50% higher.

C. About the same; unchanged.

D. About half as high.

E. Impossible to compare crime rates over that long because the size of the US population has increased so much.

2. Property crime rates vary across places and over time. What is the best description of how rates of property crime today compare with what they were in the early 1990s?

A. Twice as high.

B. About 50% higher.

C. About the same; unchanged.

D. About half as high.

E. Impossible to compare crime rates over that long because the size of the US population has increased so much.

3. How do rates of violent victimization vary with age?

A. Victimization rates are generally higher for older adults.

B. Victimization rates are generally similar for older and younger adults.

C. Victimization rates are generally lower for older adults.

D. Impossible to know. Police don't ask 911 callers for their age.

E. I'm not paying attention and simply guessing on the multiple choice questions.

4. Different types of private enforcement expenditures have different beneficiaries. Which of the below are true? Choose the best answer.

A. Detection expenditures derive from saving public law enforcement expenses otherwise necessary to solve such crimes.

B. Displacement expenditures primary benefit the offenders.

C. Secondary enforcement expenditures are shared widely.

D. A, B, and C

E. A and C

5. What proportion of crimes are reported to police?

A. 81-100% B. 51-80% C. 35-50% D. 0-34%

6. Demand and Supply Model: Victimless Crimes

Use the simple demand and supply framework we used in class for victimless crimes such as voluntary drug sales.

a) Draw a baseline model for downward sloping demand and upward sloping supply. Note the equilibrium price and quantity.

b) Draw a new graph showing the results of an education program that reduces the demand for this crime. Describe how this affects the curves and the new equilibrium. For what supply conditions would this type of education program have little impact on the crime rate? Large impact?

c) Draw a new graph showing the results of an improvement in the legal labor market opportunities for offenders (relative to the baseline in part a). Describe how this affects the supply curve (ignore any general equilibrium effects on demand) and the new equilibrium.

7. Regulation

In some cases, the government might prefer a monopoly to a perfectly competitive market. Consider the market for illegal high caliber weapons.

a) What would be an advantage of a monopoly in this market? Be specific. You may draw a graph if it helps your answer.

b) What is one downside to forming a monopoly in in a market for an illegal good?

8. Marijuana and Alcohol

We read an article that studied the impact of medical marijuana laws on the markets for illegal marijuana and alcohol. As part of the analysis, the authors Investigate whether marijuana and alcohol are substitutes or complements.

a) If they are substitutes, an increase in the price of alcohol will have what effect on the marijuana market?

b) What outcomes did the authors study to investigate this question? What did they conclude? (1-2 sentences or a list of several items is sufficient)

Reference no: EM132196962

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