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A Large Percentage of the Admissions to Prison Each Year

question 64

True/False

A large percentage of the admissions to prison each year are parole violators.


Definitions:

Marginal Benefits

The supplementary enjoyment or usefulness gained by consuming or producing another unit of a good or service.

Economic Grounds

The basis for decisions or actions taken to improve financial conditions or stability.

Cost-Benefit Analysis

A methodical strategy for assessing the advantages and disadvantages of various options to identify the most effective method for realizing benefits while conserving resources.

Marginal Cost

The extra cost incurred by producing one more unit of a product or service.

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