According to the Most Recent ACFE Report to the Nations

question 65

Multiple Choice

According to the most recent ACFE Report to the Nations, the greatest median fraud loss is reported among fraudsters who:

• A)completed high school
• B)attended college, but did not graduate
• C)college graduates with an undergraduate degree
• D)college graduates with a postgraduate degree

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Definitions:

Consumer Surplus

The contrast between what consumers intend to spend on a good or service and the actual amount they part with.

Producer Surplus

The difference between how much producers are willing to accept for a good versus how much they actually receive.

Price Support

Price set by government above free-market level and maintained by governmental purchases of excess supply.

Producer Surplus

The difference between the amount producers are willing to accept for a good or service and the actual higher market price they receive.