You Are a Member of the Parole Board

question 1

Multiple Choice

You are a member of the parole board. You would most likely grant parole to an inmate who ______.

• A) has a lengthy and violent criminal history
• B) has had multiple disciplinary issues in prison
• C) seems remorseful and has a job lined up upon release
• D) has a history of psychological and psychiatric problems

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Definitions:

Market Wage Rate

The prevailing rate of pay for a specific job or occupation in a labor market, influenced by supply and demand for labor.

Diminishing Returns

A principle stating that as investment in a single area of production increases, the rate of return from that investment, after a certain point, begins to decrease.

Worker

A person engaged in work, especially in manual or industrial labor, often for wages.

Profit Maximizing

Profit maximizing is the process by which a firm determines the price and output level that returns the greatest profit.