The Most Serious Criticism of Selective Incapacitation of Violent Offenders

question 55

True/False

The most serious criticism of selective incapacitation of violent offenders is ethical; that is, sentencing exclusively according to risk is said to violate fundamental legal principles by allocating punishment based on expected future behaviour.

Interpret the effects of beneficial and adverse supply shocks on the economy.

Evaluate the impact of changes in capital stock on an economy's production capacity.

Identify the factors leading to movements along and shifts of the long-run aggregate supply curve.

Understand the basics of stock valuation and the constant growth model.

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Definitions:

Coke and Pepsi

Refers to a classic example of duopoly in economics, representing competition between two dominant firms in a market.

Perfect Complementarity

Refers to a situation in consumer choice theory where two goods are always consumed together in fixed proportions because one is perfectly complementary to the other.

Engel Curve

A graph showing the relationship between the income of a consumer and the amount of a good that the consumer buys, illustrating how spending on a good varies with income.

Left and Right Shoes

Items that are perfect complements in consumption, where the use of one without the other is generally considered incomplete or unsatisfactory.