With Regard to the Value of Stolen Property,which Statement Is

question 8

Multiple Choice

With regard to the value of stolen property,which statement is true?

• A) It may determine whether the offense is a felony or a misdemeanor.
• B) For articles subject to depreciation, the fair market value should be used, unless new or nearly so and the replacement cost is to be used.
• C) Non-negotiable instruments should be valued at their replacement cost rather than at their face value.
• D) All of the preceding are true.

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Definitions:

Economic Efficiency

A situation where resources are allocated in such a way that maximizes the production of goods and services, minimizing waste and inefficiency in an economy.

Sherman Act

A landmark federal statute in the U.S. that prohibits monopolistic practices and promotes competition among businesses.

McCarran-Ferguson Act

A U.S. federal law enacted in 1945 that exempts the business of insurance from most federal regulation, leaving regulation primarily to the states.

Robinson-Patman Act

A 1936 U.S. law aimed at preventing anticompetitive practices by producers, specifically addressing price discrimination.