Answer should be in detail

1. From the economist's perspective, the goal of criminal law should be to: A. Minimize the difference between the total benefits and costs of the deterrence of crime B. minimize the social costs of crime, which equal the sum of damages incurred by victims and the gains realized by criminals C. minimize the social costs of crime, which equal the sum of the net harm caused by crime and the costs of preventing crime D. minimize the social costs of crime, which equal the sum of the opportunity cost of the resources used to combat crime 2. Assume the Illinois legislature authorizes an increase in funding for five new prisons in the state at a cost of $750 million. Ceteris paribus this would most likely result in: A. An increase in deterrence that is efficient B. A decrease in deterrence that is economically efficient C. An increase in the certainty of punishment. Which yields a decrease in deterrence D. An increase in deterrence that may or may not be economically efficient 3. Which of the following statements is false? A. An allocation of resources to deterrence is cost effective when no reallocation of those resources would yield a greater level of deterrence B. S longas resources are allocated cost effectively among the various inputs to crime deterrence, the resulting level of deterrence will be economically efficient C. Cost effectiveness is a necessary condition for economic efficiency D. Assuming resources are allocated in a cost-effective manner and marginal social benefits equal marginal social costs, the resulting level of deterrence will be economically efficient 4. T encourage the economically efficient level of private investment in deterrence the government should: A. Encourage the economically efficient level of private investment in deterrence the government should: B. Encourage investment in both ex-ante and ex post observable precautions C. Discourage investment in both ex-ante and ex post observable precautions D. Encourage investment in ex post observable precautions and take no action with respect to investment I ex ante observable precautions