Which of the Following Is True About Privately Run Prisons

question 27

Multiple Choice

Which of the following is true about privately run prisons?

• A)Private prisons are regarded as more costly.
• B)Private prisons are regarded as unreliable.
• C)The profit motive can interfere with the quality of service.
• D)Private prisons do not have to comply with the standards of federal agencies.

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Definitions:

Opportunity Cost

The cost of foregoing the next best alternative when making a decision, representing the benefits one misses out on when choosing one option over another.

Computer Simulation

The use of computer models to replicate the behavior of complex systems under various scenarios, often for analysis or prediction.

Economic Model

A simplified representation of an economic process or market designed to predict real-world behaviors and outcomes.

Production Possibility Frontier

A curve depicting all the possible combinations of two goods that can be produced within a given economy when resources are fully and efficiently utilized.