1.) suspects and prisoners are protected from cruel and unusual punishment by the amendment of the u. s. constitution.
a.)seventh b.)third c.)sixth d.)eighth

2.)when an officer has a reasonable basis for the belief that a person should be searched or arrested, it is called
a.)a warrant b.)an affidavit c.)probably cause d.)search and seize

3.)a warrant is unnecessary for arresting a suspect who is believed to have committed a
a.)first-degree murder b.)felony c.)vagrant act d.)larceny

4.)a warrant can be issued when
a.)a biased judge issues one b.)a witness's opinion is accepted c.)the evidence to be collected is described in specificity d.)someone guesses that evidence will be found in a location

5.)due process protections do not include which of the following?
a.)a speedy trail b.)an attorney c.)an unbiased jury d.)two judges

Consider how health insurance affects the quantity of health care services performed. suppose that the typical medical procedure has a cost of $160, yet a person with health insurance pays only $40 out of pocket. her insurance company pays the remaining $120. (the insurance company recoups the $120 through premiums, but the premium a person pays does not depend on how many procedures that person chooses to undergo.) consider the following demand curve in the market for medical care. use the black point (plus symbol) to indicate the quantity of procedures demanded if each procedure has a price of $160. then use the grey point (star symbol) to indicate the quantity of procedures demanded if each procedure has a price of $40. q d at p=$160 q d at p=$40 0 10 20 30 40 50 60 70 80 90 100 200 180 160 140 120 100 80 60 40 20 0 price of medical procedures quantity of medical procedures demand if the cost of each procedure to society is truly $160, the quantity that maximizes total surplus is procedures. economists often blame the health insurance system for excessive use of medical care. given your analysis, the use of care might be viewed as excessive because consumers get procedures whose value is than the cost of producing them.

Problem 9-5. net present value and taxes [lo 1, 2] penguin productions is evaluating a film project. the president of penguin estimates that the film will cost $20,000,000 to produce. in its first year, the film is expected to generate $16,500,000 in net revenue, after which the film will be released to video. video is expected to generate $10,000,000 in net revenue in its first year, $2,500,000 in its second year, and $1,000,000 in its third year. for tax purposes, amortization of the cost of the film will be $12,000,000 in year 1 and $8,000,000 in year 2. the company’s tax rate is 35 percent, and the company requires a 12 percent rate of return on its films. required what is the net present value of the film project? to simplify, assume that all outlays to produce the film occur at time 0. should the company produce the film?

When a market is in equilibrium, the buyers are those with the willingness to pay and the sellers are those with the costs.