Examlex
James Q. Wilson (1975) argued that serious crimes could be reduced by about one-third if each individual convicted of a violent crime received a sentence of three years and was not paroled.
Opportunity Cost
The expense associated with missing out on the next most advantageous option when a decision is made, denoting the advantages one foregoes.
Opera Ticket
A pass or admission ticket to attend an opera performance, typically sold by the opera house or through various ticket venues.
Free Ticket
A complimentary pass or voucher granting the holder access to an event, activity, or service at no cost.
Opportunity Cost
The cost of the next best alternative that is forgone when making a decision.
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