Which of the Following Consists of Two Parts;the Violent Crime

question 45

Multiple Choice

Which of the following consists of two parts;the violent crime index and the property crime index.

• A)Catalog crimes
• B)Index crimes
• C)Key Crimes
• D)None of the above

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Definitions:

Opportunity Cost

A different way to describe it would be the cost of missing out on the benefits of the second-best option when a choice is made.

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two goods, given a set of inputs and technology, demonstrating the concept of opportunity cost.

Consumption Possibilities Frontier

A curve depicting the maximum combinations of goods and services a consumer can afford with a given budget, subject to prices.

Production Possibilities

The different quantities of goods that an economy can produce using all available resources and technology effectively.