Discuss the legal status of marijuana in the united states

Assignment Help Macroeconomics
Reference no: EM131929423

Assignment

Answer each of the following three questions with a 3-4 paragraph essay (3-4 paragraphs for each question). Your response should be well-organized, factual, and persuasive. You will likely need to support your positions with data and solid economic reasoning.

I ask that you adopt a third-person objective point-of-view, avoiding such phrases as "I believe" or "it seems to me". (First person voice is seldom appropriate for social science writing unless you are recounting an event in which you participated.) Writing mechanics will be an important part of the evaluation, as they have been throughout the semester.

1. You have been assigned to read some of Jeffrey Miron's thoughts on the history of laws related to alcohol and marijuana, and we have discussed many of them in class. Provide a brief history of alcohol prohibition and subsequent repeal, highlighting several of the economic and social costs discussed by Miron. Discuss also whether you find his comparisons with the economic and social costs of marijuana enforcement reasonable.

2. We spent a couple of class periods discussing the legal status of marijuana in the United States, and the resulting high levels of enforcement spending, incarceration, and social distress. Assuming that Congress and the President work to end the current state of uncertainty by re-scheduling marijuana to Schedule II or III, a good deal of regulation will be needed in order to create safe and orderly markets. Please outline a comprehensive regulatory system for production, sales, purchase, and acceptable use of marijuana, including the prevention of negative externalities in the home, in the workplace, and in public.

3. There is little doubt that over-prescription of opioids has played a major role in creating the current heroin epidemic in the United States. Briefly describe this evolutionary process, from the development and marketing of oxycodone to the recent innovations in the distribution and marketing of black tar heroin. Given that societal expectations regarding pain treatment and relief are almost certain to persist long into the future, banning these substances is not likely. Please provide 2-3 other potential solutions for this deadly dilemma. You may consider changes in law, policy, medical practice, and/or technology in formulating your answer.

Reference no: EM131929423

Questions Cloud

What benefits do we gain from responsible administration : Why is integrating ethics with organizations and norms a challenge? What benefits do we gain from responsible administration?
Past records show the weekly standard deviation : The employee would like the margin of error to be less than 0.5 with probability of 0.95. Past records show the weekly standard deviation to be 2.5.
Define how the negative experience could have been improved : "Moments of Truth" are very important to the overall guest experience. Describe a time when you had a positive moment of truth and a negative moment.
Calculate the quality spread differential : Calculate the quality spread differential (QSD). What is the all-in interest rate cost for each of the firms?
Discuss the legal status of marijuana in the united states : Discuss the legal status of marijuana in the United States, and the resulting high levels of enforcement spending, incarceration, and social distress.
Find the number of girls with a waist between 65 and 72 : Suppose the waist measurements of 800 girls are normally distributed with mean 66cms and standard deviation 5cms. Find the number of girls with a waist between
How does a project manager decide that one estimate : If each estimate is different, how does a project manager decide that one estimate is better than another?
What is the p-value for degrees of freedom : What is the P-value for t = 1.85 with 9 degrees of freedom? ___ (Round to three decimal places as needed.)
Conduct preliminary search on performance of an annual audit : Conduct a preliminary search on the performance of an annual audit by CPA firms on public companies records

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd