Using the Economist's Definition,to Say That the Amount of Crime

question 8

Multiple Choice

Using the economist's definition,to say that the amount of crime control is efficient means that

• A)the crime rate is approximately zero.
• B)few false arrests occur.
• C)the marginal benefit of the last dollar spent on crime control equals the marginal cost.
• D)the conviction rate is nearly 100%.

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Definitions:

Internationally-Diversified Portfolio

An investment portfolio that includes assets from various countries to spread risk and enhance potential returns.

Country Selection

The process of choosing countries for investment based on macroeconomic factors and investment potential.

Currency Selection

The process of choosing currencies that are expected to appreciate in value for investment purposes.

Forward Rate

The agreed-upon price for a financial transaction that will occur at a future date, used in contracts for interest rates, commodities, and currencies.