We have discussed the following concepts in class: demand, supply, cost, opportunity cost, prices, income, preferences, utility, choice, etc

1)

Solution:-

If an individual with higher education levels are less likely to commit crimes as such individuals can analyze the optimal way in which to leverage their purchasing power to maximize their utility and minimize the opportunity cost through employing trade offs.

An educated person may have an idea about the requirement of the thinks like demand of the product on that basis utility might have arises so there must be less criminal offences.

Choices of an educated persons are different. They know how to spend their income in various kinds of goods.

2)

Solution:-

"The country with high unemployment level is bound to carry out crimes and the other way around"

Unemployment has an immediate association with developing crime rates since the decay of expectations for everyday comforts (that accompany unemployment), the crime rates increments. There is substantial evidence from the unemployment and crime writing which records huge and unobtrusive effects of unemployment on aggregate and property related misdemeanors in the country.

A few investigations instrument unemployment rates to distinguish a causal effect of unemployment on crime. Additionally, past examinations have likewise recorded a connection between other economic conditions and crime. For example, compensation, time spent in unemployment, and the effect of graduating during a recession. While this broad writing archives a connection between unemployment (and other economic conditions) and crime, a typical element of such investigations is that they relate total (i.e generally country level) unemployment and crime. Given the range of estimates, propose that the condition of the economy can't clarify the evolution of crime rates.