Which of the Following Programs Would NOT Be Favored by Economists

question 142

Multiple Choice

Which of the following programs would NOT be favored by economists Hart, Shleifer, and Vishny and why?

• A) Public prisons replace private prisons because tight budget constraints reduce the incentive to increase quality.
• B) Public prisons replace private prisons because the profit motive increases the incentive to increase quality.
• C) Private prisons replace public prisons because the profit motive encourages cost-cutting at the expense of quality.
• D) Private prisons replace pubic prisons because slack budget constraints increase the incentive to increase quality.

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Definitions:

Response-Based Definition

A method of defining concepts by specifying the response or outcome they produce, rather than the characteristics they possess.

Stress

A feeling of emotional or physical tension resulting from any event or thought that makes you feel frustrated, angry, or nervous.

Physiological Reaction

Bodily responses to stimuli, including changes in heart rate, hormone levels, and muscle tension.

Fight-Or-Flight

A physiological response to perceived harmful events, attacks, or threats to survival, priming the body to either confront or flee.