In which of the following situations is a judge MOST LIKELY to hold an informal adjustment, rather than a formal hearing for a juvenile accused of a crime. A. A 12 year old who has shoplifted for the 3rd time B. A 16 year old who was caught speeding for the 2nd time C. A 14 year old accused of armed robbery D. a 15 year old who was caught out in the neighborhood at 2 AM

Mankiw attributes – chapter 1 and his 10 principles – differences in living standards within a countryover time and across countries at a moment in time to: a. the presence or absence of inflation and unemployment.b. the allocation of resources between private markets and the public sector.c. those that have dealt successfully with the efficiency v. equality tradeoff and those that haven’t.d. differences in productivity.e. ones that think at the margin and respond to incentives and those that don’t.