Which of the Following Programs Would NOT Be Favored by Economists

question 101

Multiple Choice

Which of the following programs would NOT be favored by economists Hart, Shleifer, and Vishny (HSV) and why?

• A) Public prisons replace private prisons because tight budget constraints reduce the incentive to increase quality.
• B) Public prisons replace private prisons because the profit motive increases the incentive to increase quality.
• C) Private prisons replace public prisons because the profit motive encourages cost-cutting at the expense of quality.
• D) Private prisons replace pubic prisons because slack budget constraints increase the incentive to increase quality.

Comprehend the principles and calculations of slope and intercept in regression lines.

Illustrate the visual representation and predictive capabilities of regression equations through scatter plots.

Grasp the concept of error in prediction and the role of error estimates in regression analysis.

Recognize the criteria for choosing predictors in multiple regression.

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Definitions:

Mayo Clinic

A renowned nonprofit American medical center focused on integrated clinical practice, education, and research, known for its comprehensive and specialized care.

Corporate Partner

A business entity that collaborates with another company in a strategic alliance or partnership, often to achieve mutual business objectives.

Transportation Services

Services that provide the movement of people, animals, or goods from one location to another via various modes such as buses, taxis, trains, and airplanes.

Legislative History

The documents and records, including committee reports and debates, generated during the process of a bill becoming law, used to understand lawmakers' intentions.