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The require for illegal drugs is inelastic. Much of the expenditure on illegal drugs comes from crime. Suppose these statements to be correct,
1. How will a successful campaign that reduces the supply of drugs influence the price of drugs and the quantity spent on them?
2. What will occur to the amount of crime?
3. What is the most effective way of reducing the quantity of drugs consumed and reducing the amount of drug-related crime
critically examine that privatization can always decentralize economic power
Suppose there are two inputs in the production function, labor (L) and capital (K), which can be combined to produce Y units of output according to the following production functio
Q. Is Heterogeneity the sole cause of conflict of interests? Explain heterogeneity as a cause of variation of aspirations of agents leading to formation of various special inte
explain the stages and various coordination mechanisms involved in policy processes
Q. Show the Traditional decision analysis? Traditional decision analysis rests on the key assumptions about the type of information available to the decision maker. Powerful B
Suppose there is certain social norm. Its enactment into statutory law lowers people's private cost of its enforcement because it creates the possibility that violation of norm wi
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reallocation of the resources from 1 efficient point to another efficient point that cause the production of x increase and production of y decrease hold the condition of contrect
examine the efficiency of quantitative credit control instruments.
.thoery of cost.
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