The realization that only a small portion of criminals commit the majority of crimes suggests that, as you devote more resources to the criminal justice system, the
A. marginal benefit quickly increases.
B. marginal cost sharply increases.
C. total cost always decreases.
D. total benefit quickly decreases.
Answer: B
Economics
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Central banks control exchange rates by intervention. If a nation such as Japan wished to peg its market rate at a certain level, such as ¥100 = $1, what should it do if the actual market rate began to depreciate to ¥125 = $1?
a. It should purchase dollars with its own currency. b. It should sell dollars from its treasury and retire its own currency. c. It should increase its GDP to increase exports. d. It should petition the IMF for a rate change.
Economics
What is expansionary fiscal policy? What is contractionary fiscal policy?
What will be an ideal response?
Economics