What Is the National Incident-Based Reporting System (NIBRS)? How Is

question 26

Essay

What is the National Incident-Based Reporting System (NIBRS)? How is it different from the UCR?

---

Definitions:

Diseconomies of Scale

A situation where, as a firm's production scales up, the costs per unit increase, contrary to economies of scale.

Long-run Total Costs

The total costs incurred by a firm when all factors of production are variable, and the firm can change its scale of operation.

Opportunity Cost

The expense incurred by not choosing the second-best option available during the decision-making process.

Bank Loan

A sum of money borrowed from a bank that must be repaid with interest over a set period.