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Probation and parole in the U.S: Link: nytimes.com & bjs.org
These two links contain an overview of our probation and parole system, as well as an article which suggests that support is growing for more community sanctions and fewer prison sentences
1) What is the difference between probation and parole?
2) What are the advantages of sentencing someone to a community sanction, such as probation, instead of sentencing the person to prison?
3) Search the internet and find the conditions of probation or parole for one state. What is your assessment of those conditions? Are they a sufficient punishment or do they let the offender off too easily? Why?
Discuss the conditions that characterize pure competition (a price taker market) and explain how and why price takers maximize profits at the quantity for which marginal cost, price, and marginal revenue are equal.
In order to reduce farm output, raise farm prices, and thus raise farm incomes (revenues), the government pays farmers to set aside a portion of their land from production. Using a graph, explain in terms of the elasticity of demand for farm produ..
Suppose a bond offers to pay $1000 in one year and currently sells for $900. Given this information, we know that the interest rate on the bond - four components of national income
The goal of this exercise is to get some practice on the workings of the principle of double entry bookkeeping, as well as to get acquainted with the international accounts.
Because interest rates are lower in Japan than in Europe, the "carry trade" makes money by borrowing in Japan and lending in Euroland - as long as the yen does not strengthen against the Euro. Describe a scenario in which a positive feedback d..
Illustrate what is the tolal accounting cost. Illustrate what is the total economic cost. Elucidate why these are different in this way.
Can you see why, if price is set by the market, and the firm's marginal cost curve slopes up as a function of quantity, this rule tells the firm which quantity to produce in order to maximize profits. What is the shutdown rule for a perfectly compe..
submit a single page with two graphs or tables on it displaying this information. Write a short paragraph or two that says what the data show.
Find the values of K and L which minmise Total input costs if production quota is 1625.Calculate the minimum total production cost
One person-day of labor produces: China 9 rice 3 computers India 4 rice 2 computers a) Does any country have an absolute advantage If so, which one b) For India, what is the resource (or opportunity) cost of rice (R) in terms of computers (C), and C ..
Suppose that you are the chief economic advisor to the president of the United States. You are asked to propose a strategy to bring the economy out of recession.
Consumption per capita as a function of ? and s. e. Golden Rule consumption if ? = 10%. (Hint: Find the s that maximizes consumption)
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