Theft and burglary
A)can be viewed as attempts to maximize utility, given certain marginal costs and marginal benefits.
B)are examples of irrational behavior.
C)are applications of the law of increasing opportunity cost.
D)are less economically rational than crimes of passion and violence.

Question

Quizplus · Accepted Answer

Theft and burglary can be analyzed through the lens of economic rationality, where individuals weigh the marginal costs and benefits of their actions. This perspective suggests that individuals commit these crimes with the expectation that the benefits (e.g., financial gain) will outweigh the costs (e.g., risk of getting caught and punished).

Theft and Burglary