Suppose That Real Domestic Output in an Economy Is 20

question 130

Multiple Choice

Suppose that real domestic output in an economy is 20 units, the quantity of inputs is 10, and the price of each input is $4.All else being equal, if the price of each input increased from $4 to $6, productivity would

• A)fall from 2 to 3.
• B)fall from 0.50 to 0.33.
• C)rise from 1 to 2.
• D)remain unchanged.

Evaluate the effectiveness and ethical considerations of control methods in prisons.

Trace the origins and implications of inmate subculture theories.

Analyze arguments for and against supermax prisons.

Examine the legal and social implications of incarcerating individuals for debt.

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Definitions:

Social Security

A government program designed to provide financial support to individuals during retirement, disability, or upon the death of a primary wage earner.

Government

The system or group of people governing an organized community, often a state, including institutions that establish and enforce public policies and laws.

Normative Statements

Assertions that express opinions about what ought to be, involving values and ethical judgments, rather than empirical facts.

Positive Relationship

A Positive Relationship in economics refers to a situation where an increase in one variable leads to an increase in another variable.