Question

1. Suppose that for the United States, (%Δ Gun Murder Rate)/(%Δ Gun OwnerShip Rate)= .009 1a....

1. Suppose that for the United States, (%Δ Gun Murder Rate)/(%Δ Gun OwnerShip Rate)= .009

1a. If gun control legislation were able to reduce gun ownership by 99 percent, how exactly would society benefit?

1b. Based upon your answer in 1a, What can you conclude about the likely efficacy of gun control legislation in the United States?

Homework Answers

Answer #1

1.

1A.

If gun ownership reduces by 99%,

Then,

% change in gun murder rate = .09*(-99%) = -8.91%

It means that the gun murder rate will come down by 8.91% if the gun control legislation can achieve the objective. So, society will be better off by decrease in gun murder rate by 8.91%.

1B.

Gun control legislation has impact only upon the control of gun ownership. The legislation can only affect the murder rate associated with the ownership of guns. But, the legislation does not show control over the other reasons that make murders due to gun.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1. Suppose that for the United States, (%Δ Gun Murder Rate)/(%Δ Gun OwnerShip Rate)= .009 ....
1. Suppose that for the United States, (%Δ Gun Murder Rate)/(%Δ Gun OwnerShip Rate)= .009 . a. If gun control legislation were able to reduce gun ownership by 99 percent, how exactly would society benefit? b. Based upon your answer in 1a, What can you conclude about the likely efficacy of gun control legislation in the United States?
1. Suppose that the United States fixes the dollar-pound exchange rate. In the process of maintaining...
1. Suppose that the United States fixes the dollar-pound exchange rate. In the process of maintaining the fixed exchange rate, the U.S. central bank regularly finds itself in a position of having to increase its reserves of pounds. Based on this, we could conclude that the fixed dollar-pound exchange rate consistently exceeds the equilibrium exchange rate that would be produced by a private foreign exchange market. the U.S. central bank is regularly having to reduce the domestic money supply. the...
Suppose that the annual interest rate is 2.47 percent in the United States and 4.25 percent...
Suppose that the annual interest rate is 2.47 percent in the United States and 4.25 percent in Germany, and that the spot exchange rate is $1.60/€ and the forward exchange rate, with one-year maturity, is $1.58/€. Assume that an arbitrager can borrow up to $2,750,000 or €1,718,750. If an astute trader finds an arbitrage, what is the net profit in one year? -------------------------------------------------------------------- An Italian currency dealer has good credit and can borrow €937,500 for one year. The one-year interest...
Case 16.1: Will Fiat Be Successful in the United States This Time? The launch of the...
Case 16.1: Will Fiat Be Successful in the United States This Time? The launch of the Fiat 500 has created a great deal of excitement around the Fiat brand in the U.S. automobile market. This new sporty subcompact car is available in several variants including the high performance Abarth and luxury Gucci special edition models. While the recent U.S. launch of this eye-catching car is news, neither the 500 moniker nor the presence of Fiat in the world’s largest automobile...
1. Large Sample Proportion Problem. A survey was conducted on high school marijuana use. Of the...
1. Large Sample Proportion Problem. A survey was conducted on high school marijuana use. Of the 2266 high school students surveyed, 970 admitted to smoking marijuana at least once.  A study done 10 years earlier estimated that 45% of the students had tried marijuana. We want to conduct a hypothesis test to see if the true proportion of high school students who tried marijuana is now less than 45%.   Use alpha = .01. What is the conclusion for this test? A)Based...
Chapter 11: 1.Even before the economic crisis of 2007 to 2009, employees in the United States...
Chapter 11: 1.Even before the economic crisis of 2007 to 2009, employees in the United States were working about _____ more hours per year than their European counterparts. a. 70 b. 249 c. 350 d. 1,970 2. In 2005, about 20% of home loans were _____, meaning they were loans sold to low-income people who had little chance of paying their mortgages, often under predatory terms that were especially unfavorable to the unsuspecting borrowers. a. subprime triple-A rated c. fixed-rate...
1- An exporter who is to receive payment in foreign currency in three months and who...
1- An exporter who is to receive payment in foreign currency in three months and who wants to engage in “hedging” would __________ the foreign currency on the three-months forward market in order to protect himself/herself from __________ of the foreign currency. a. buy; an appreciation b. buy; a depreciation c. sell; an appreciation d. sell; a depreciation 2- A given exchange rate will be more or less the same in all of the world’s financial markets because of a....
Reflect back on your draft. Reread it. Analyze it. What are the strengths of your draft?...
Reflect back on your draft. Reread it. Analyze it. What are the strengths of your draft? What areas will need improvement? The Treatment of Special Needs Children Abstract            Special needs children are still on the receiving end of abuse despite the increased clamor against their mistreatment. Also, they are likely to face discrimination and abuse in their homes and their social spheres; they have limited opportunities for quality education and can find trouble getting adequate medical assistance. The management of...
Please read the article and answear about questions. Determining the Value of the Business After you...
Please read the article and answear about questions. Determining the Value of the Business After you have completed a thorough and exacting investigation, you need to analyze all the infor- mation you have gathered. This is the time to consult with your business, financial, and legal advis- ers to arrive at an estimate of the value of the business. Outside advisers are impartial and are more likely to see the bad things about the business than are you. You should...
provide 3-4 paragraphs post (team 2) 1-What are 4 key things you learned about the topic...
provide 3-4 paragraphs post (team 2) 1-What are 4 key things you learned about the topic from reading their paper? 2-How does the topic relate to you and your current or past job? 3-Critique the paper in terms of the organization and quality.1- Employee Stress and how it has an Adverse Effect on a Company This paper explores employee stress and how it has an adverse effect on a company, its employees and the organization. Job stress can have a...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT