The Imprisonment Boom in America Can Be Partially Attributed to

question 43

Multiple Choice

The imprisonment boom in America can be partially attributed to

• A) the wars of drugs and crime
• B) determinate sentencing laws, such as truth in sentencing and mandatory sentences
• C) restrictions on good time that limit early release
• D) all of the above

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Definitions:

Economies of Scale

The cost advantages that enterprises obtain due to size, output, or scale of operation, with cost per unit of output generally decreasing with increasing scale.

Persistent

Continuously existing or enduring over a prolonged period.

Price Discrimination

A strategy in pricing where the same provider sells identical or nearly identical products or services for various prices across different markets or to distinct customer groups.

Production Functions

a mathematical relationship expressing the output that can be produced by a firm or economy from different combinations of factor inputs.