According to the Green Party of Canada: “Eliminating poverty will pay for itself in reduced crime rates. Failure to eliminate poverty will cost our society far more than an effective program to make poverty history in Canada.”
a. First, draw a properly-labelled supply-demand diagram for crime and interpret the information represented by curves.
b. Now use the supply-demand model of crime to suggest how a policy that reduces poverty would likely impact the crime rate.
c. Propose three distinct policies that could help address poverty in Canada.
d. The quotation from the Green Party refers (implicitly) to the cost of crime. Very briefly discuss four general types of costs of crime.