_______________ Occurs When the Addition of a Restorative Justice Program

question 4

Multiple Choice

_______________ occurs when the addition of a restorative justice program involves juveniles who would otherwise have received only a warning if the program were not in place.

• A) Inefficiency
• B) Cost savings
• C) Net-widening
• D) Increased effectiveness

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Definitions:

Perfectly Competitive

A market structure where many firms offer products that are similar and entry into the market is relatively easy.

Market Price

The present cost at which a product or service is available for purchase or sale in a specific market.

Optimal Short-Run Output

The level of production that maximizes profit or minimizes loss in the short term.

Market Price

The current price at which an asset or service can be bought or sold, determined by the supply and demand dynamics in the market.