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If the Police Were Totally Successful in Their Patrol and Crime

question 64

Multiple Choice

If the police were totally successful in their patrol and crime prevention efforts,according to the textbook the ____________ division would be unnecessary.


Definitions:

Land

A factor of production that refers to the natural resources used to produce goods and services.

Economist

A professional who studies, develops, and applies theories and principles of economics to understand how economies function and to inform policy.

Fixed Supply

A condition where the quantity of a good or resource available does not change, regardless of price.

Economic Rent

Payment to a factor of production in excess of what is needed to keep that factor in its current use.

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