Match Each Item to the Phrase or Sentence Listed Below

question 25

Short Answer

Match each item to the phrase or sentence listed below.
a. Houses people convicted of serious crimes
b. A facility authorized to hold pretrial detainees
c. Mutual transfer of resources
d. Workers who provide programs and services
e. Power shared between national and state government
f. Method of applying scientific knowledge
g. One of the goals of corrections
h. Common goals influenced by the environment
i. Conforms to the rules of society
j. Manages accused or convicted offenders
-Federalism

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Definitions:

Consumer Surplus

The variance between the overall sum consumers can and will pay for a good or service and what they genuinely spend on it.

Producer Surplus

The difference between the amount that producers are willing and able to sell a good for and the actual amount they receive (higher market price).

Market Equilibrium

A condition in a market where the quantity demanded by consumers equals the quantity supplied by producers, leading to a stable price.

Producer Surplus

The difference between the amount a producer is paid for a good and the minimum amount they would be willing to accept.