The Major Law Enforcement System Developed in America Was The

question 39

Multiple Choice

The major law enforcement system developed in America was the:

• A) Patrol officer system
• B) Secret Service system
• C) Juvenile Court system
• D) Constable watch system

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Definitions:

Economic Profits

The difference between a firm's total revenues and its total costs, including both explicit costs and opportunity costs, indicating the firm's financial performance beyond breaking even.

Market Price

The current price at which a good or service can be bought or sold in a marketplace, determined by the forces of supply and demand.

Economic Profits

Profits calculated by subtracting both explicit (direct payments) and implicit (opportunity) costs from total revenues.

Market Price

The ongoing selling or buying rate for an asset or service in a certain market.