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Case 3-2
Jack was just placed on probation for the crime of burglary. He has been arrested several times but never convicted of a crime. Last year he was arrested and placed in the TASC program. He successfully completed this program and remained out of trouble for one year.
-In the state where Jack will be serving his probation there is a local administered probation department. Despite the fact that probation is a local responsibility here, which of the following is the state still accountable for?
Laissez-Faire Economy
An economic system where transactions between private parties are free from government intervention such as regulation, privileges, tariffs, and subsidies.
Self-Interest
A principle that assumes individuals make decisions that they perceive to be in their own best advantage, often equated with rational behavior.
Investment
The allocation of resources, such as capital or time, in expectation of future returns, typically in the form of profit, interest, or appreciation in value.
Stocks and Bonds
Financial instruments representing ownership in a company (stocks) and debt obligations issued by entities (bonds), respectively, used for investment purposes.
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