Explain how economic analysis can assist in understanding why individuals commit crimes. What does this analysis...

Explain how economic analysis can assist in understanding why individuals commit crimes. What does this analysis have to say about attempts to reduce crime?
Explain how an optimal level of government expenditure on a public good or service can be arrived at.
Based on the equimarginal principle, do you think that a reallocation of the current government’s crime prevention budget could lead to a fall in crime rates?
Political pressure remains high for mandatory minimum sentences for those convicted of certain crimes. Based on your understanding, discuss the likely consequences of such sentences.
Explain how economic analysis can assist in understanding why individuals commit crimes. What does this analysis have to say about attempts to reduce crime?
Explain how an optimal level of government expenditure on a public good or service can be arrived at.
Based on the equimarginal principle, do you think that a reallocation of the current government’s crime prevention budget could lead to a fall in crime rates?
Political pressure remains high for mandatory minimum sentences for those convicted of certain crimes. Based on your understanding, discuss the likely consequences of such sentences.

Expert Solution

Rahul Sunny answered 1 year ago

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