Friday, September 8, 2017

Investigating Police Spending




SOURCE: http://assets.grassrootinstitute.org


  • KEY ECONOMIC PRINCIPLES I’M ADDRESSING: Scarcity of resources and the opportunity cost
  • OVERALL RESEARCH QUESTION: Due to a scarcity of government resources (budget cuts) how do law enforcement agencies allocate their funding?
  • SUB QUESTIONS
    • What does your typical annual police budget look like and how is it spent?
    • What sort of financial restrictions have been placed on law enforcement agencies?
    • Who makes the budgets for each department?
    • Are there any unnecessary, common purchases made by the police?
  • RESOURCES FOR RESEARCH:

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The economic principle I examined was Scarcity, people choose. All choices have an opportunity cost. There are many situations where this ec...