Examlex
Name and explain the three alternatives to local control of jails.
Involuntary Transactions
Economic exchanges where at least one party participates without willing consent, often resulting from coercion or lack of viable alternatives.
Economic Efficiency
A situation where all resources are allocated in a way that maximizes the net benefit to society.
Positive Externalities
Benefits experienced by third parties or the society at large as a result of an economic activity, without them directly paying for it.
Economic Activity
Actions that involve the production, distribution, and consumption of goods and services within an economy.
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