Examlex
As a result of stricter sentencing laws in the 1970's what has occurred:
Inefficiently High Level
A scenario where more resources are used than necessary, leading to waste and inefficiency.
Common Resource
A type of good that provides benefits to many individuals, but which has the potential to be depleted or overused because it is not excludable.
Inefficient Allocation
A situation where resources are not distributed or utilized in a way that maximizes potential output or welfare.
Decision Makers
Individuals or groups responsible for making choices that determine the course of actions to be followed by an organization or system.
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