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Demand and Supply: Decriminalizing Illegal Drugs
The consequences of decriminalizing illegal drugs have long been debated. Some claim that legalization will lower the price of these drugs and reduce related crime. Others claim that more people will use these drugs.
Suppose that some of these drugs are legalized so that anyone may sell and use them. Now consider the two claims that price will fall and quantity demanded will increase. Based on positive economic analysis, are these claims sound?Give reasons
Explain whether every of the following transactions involves spot exchange, contract, or vertical integration.
Assume that you are the chief economic advisor to the president of the U.S..
Illustrate what would be the consumer purchasing response to Coca-Cola if the price of Pepsi doubled.
Given the following predictions for nominal wage increases and productivity growth, state your forecast for inflation (assume this is all the information available to make the forecast).
Elucidate the difference among the statement "the money supply is fixed" and the statement "the money supply is exogenous".
EBay claims that it has only a small problem with fraud also misuse of the sytem. Does this imply that it is overinvesting in addressing potention contracting problems.
Elucidate what term do economists utilize to describe this second outcome
Competition seems to be so fierce among the giant retailers, after discounting and lower profit margins, how is profitability possible.
Describe the extent to that you believe these three measures are related.
In light of Ricardian model, how might you measure the claim by developing countries that they're at a disadvantage in trade
Life insurance companies require applicants to submit to a physical examination as proof of insurability prior to issuing standard life insurance policies.
Elucidate the roles of government bodies which determine national fiscal policies.
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