Which of the Following Programs Would NOT Be Favoredby Economists

question 86

Multiple Choice

Which of the following programs would NOT be favoredby economists Hart, Shleifer, and Vishny (HSV) andwhy?

• 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.

Understand the implications of loan-specific features such as adjustable rates, balloon payments, and government backing.

Grasp the priority rules in the event of competing interests.

Recognize the significance and process of recording a mortgage.

Understand the concepts of intellectual property and copyright laws.

---

Definitions:

Misinformation

False or inaccurate information, often spread without malicious intent, that is presented as fact.

Paper Mills

Websites that sell prewritten or custom-written research papers to students.

Custom-Written

Describes software or code that has been written specifically for a particular requirement or customer, as opposed to off-the-shelf software.

Research Papers

Detailed documents reporting original research results or reviews in a specific field of study, often published in academic journals.