Examlex
Compare and contrast the Pennsylvania system to the New York system of corrections. Discuss the pros and cons of each. Are any of the concepts still used in prisons today? If so how, and if not, why not?
Opportunity Costs
The financial downside to eschewing the next top alternative in the spectrum of choices.
Marginal Costs
Marginal costs refer to the additional cost incurred from producing one more unit of a good or service.
Microeconomics
The branch of economics that studies the behavior of individuals and firms in making decisions on the allocation of limited resources.
Macroeconomics
The branch of economics that studies the behavior and performance of an economy as a whole, including inflation, unemployment, and economic growth.
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