Which of the following acts does NOT constitute a crime if committed by an adult ?
Correct answer: D. Truancy
- A. illegal drug use
- B. Copyright infringement
- C. Prostitution
- D. Truancy
Explanation
Truancy refers to a child's unauthorized absence from school, so it normally cannot be committed by an adult. Drug use, copyright infringement, and prostitution may be criminal offenses depending on the jurisdiction.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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