Economic Theory

question 1

Multiple Choice

Economic theory

• A)expresses normative values
• B)invents imaginative and interesting stories
• C)predicts the behavior of a specific economic decision maker after an economic change
• D)predicts the average behavior of a group of similar economic decision makers after an economic change
• E)uses only perfect and complete information

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Definitions:

Rehabilitation

A process aimed at enabling individuals to restore their skills, health, or abilities, often used in the context of recovery from injury or in criminal justice.

Nothing Works

A controversial perspective in criminology that argues traditional rehabilitation programs are ineffective in reducing recidivism among convicted criminals.

Demise of Rehabilitation

The decline or reduction in focus on rehabilitation as a primary goal in the penal system, often replaced by or balanced with punitive or deterrent measures.

Symbolic Significance

The importance or meaning attached to symbols, representing ideas or concepts beyond their literal sense.