Examlex
According to an FBI training needs survey of almost 2,500 police departments, which of the following ranked highest in programs most requested by police officers?
Welfare Economics
Normative evaluation of markets and economic policy.
Equilibrium
A state in which market supply and demand balance each other, resulting in stable prices and quantities.
Efficient
Refers to a level of performance that uses the least amount of inputs to achieve the highest amount of output.
Utility Possibilities Frontier
A curve that shows the maximum feasible amount of two goods that can be produced with available resources and technology, indicating the trade-offs and efficiency in production.
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