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There is much discussion in the press about several states moving to legalizing marijuana, either for only medical purposes, or more extremely, for recreational purposes. Looking only at the economic impact (not moral implications) of such changes in the laws, discuss how the existing system of supply and demand for illegal marijuana will be changed with the new legalization.
What will happen to existing supply avenues?
Will legalization significantly change demand? How?
Would one expect prices to change significantly? How?
What would be the costs and benefits to governments, both in changes in enforcement requirements and in potential tax revenue?
What is the difference between a standard and graduated payment plan and what is one reason you want to avoid going into default?
The Jimmy Corporation issued a new series of bonds on January 1, 1996. The bonds were sold at par ($1000), have a 12% coupon rate, and mature in 30 years, on December 31, 2025. Coupon interest payments are made semi annually (on June 30 and December ..
Explain the importance of agriculture to Brazil’s current success. What role will agriculture play in Brazil’s future? What are the implications of this for other countries? How might countries like the United States react if Brazil is successful in ..
Considering the market for loanable funds, how does the severity of crowding out depend on the slope of the supply curve?
q. discuss the overall effectiveness of the organ procurement system in the united states. what are its strengths and
Suppose a certain state increases the license fees that physicians must pay from $500 to $2000 per year. Trace out the impact of the increase in fees an average cost, average variable cost, fixed cost, and marginal cost for physicians operating in th..
A group opposed to free trade concludes that the total number of domestic jobs will decrease because it estimates that 20,000 jobs will migrate abroad. The actual total loss is:
Consider the market for beef. Suppose the price of grain used to feed cows increases. How does it affect the equilibrium price and quantity of beef? Explain with a diagram.
Describe the pros and cons of protectionism and free trade. Discuss which you feel is better for the economy? Why?
A $200,000 bond having a bond rate of 8% payable annually is purchased for $190,500 and kept for 6 years, at which time it is sold. How much should it sell for in order to yield a 7% effective annual return on the investment?
Suppose which in the 1990s, the average retail price of a roll of Kodak film was $6.95 also which Kodak's marginal cost was $3.475 per roll.
Demonstrate a critical understanding of the standardization vs adaptation debate in International Marketing. Make reference to positives and negatives from organisational and consumer perspectives.
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