According to Liedka, Piehl, and Useem (2006), the Expansion of Prisons

question 23

Multiple Choice

According to Liedka, Piehl, and Useem (2006) , the expansion of prisons:

• A) prevented crime in the early years, but their effects have reached a point of diminishing returns
• B) have had no effect on crime rates
• C) were less effective in the early years, but have prevented more crimes in recent years
• D) have increased crime rates with each prison expansion

Analyze the effects of changes in interest rates on the supply and demand for loanable funds.

Identify the factors influencing private and public saving within the closed and open economy models.

Explain the relationship between government budget deficits/surpluses and their impact on national saving and the loanable funds market.

Understand how investment decisions are influenced by changes in interest rates.

---

Definitions:

Bocce Ball Team

A group of individuals who participate together in the sport of Bocce Ball, a ball sport belonging to the boules family, closely related to British bowls and French pétanque, with a common goal of skillfully throwing balls to be the closest to a smaller target ball.

Punctual and Polite

Character traits involving being on time for appointments, meetings, etc., and showing courteous behavior towards others.

Conscientiousness

A personality trait characterized by diligence, carefulness, and a desire to do a task well.

Rarely be Late

A habit or characteristic of consistently arriving on time or ahead of the scheduled time.