Provide Your Opinion on the Overall Effectiveness of Each of the Purposes

question 36

Essay

Provide your opinion on the overall effectiveness of each of the purposes of corrections. Be sure to discuss which you think has the best potential to reduce recidivism rates.

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Definitions:

Long Run

A period in economics in which all factors of production and costs are variable, allowing all inputs to be adjusted.

Perfectly Inelastic

A situation where demand does not change at all in response to changes in price.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a certain price over a specified period.

Price Effect

The impact on consumer demand and company revenue as the cost of a good or service changes.