The Optimal Amount of Crime Control Occurs When

question 76

Multiple Choice

The optimal amount of crime control occurs when:

• A)the total benefit of reduced crime is greater than the total cost of reduced crime.
• B)the marginal benefit of reduced crime equals the marginal cost of reduced crime.
• C)the total benefit of reduced crime equals the total cost of reduced crime.
• D)the incidence of crime is zero.

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Definitions:

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United States Generally Accepted Accounting Principles, a framework of accounting standards, guidelines, and procedures used in the United States.

Foreign Exchange Risk

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Foreign Exchange Gain

Foreign Exchange Gain arises when a currency transaction results in receiving or paying fewer units of the home currency than initially anticipated due to exchange rate movements.

Option Strike Price

The predetermined price at which the holder of an option can buy (in the case of a call option) or sell (in the case of a put option) the underlying security.