This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The economic argument for legalizing drugs a. is morally bankrupt. b. is based on the assumption ... (Read 83 times)

Pineappleeh

  • Hero Member
  • *****
  • Posts: 585
on: Jul 1, 2018
The economic argument for legalizing drugs
 a. is morally bankrupt.
  b. is based on the assumption that demand is relatively price inelastic.
  c. shows that economists are all libertarians at heart.
  d. takes into consideration all the externalities associated with drug use.
  e. is really politically motivated.

Question 2

If there are only two goods and these are consumed in fixed proportions, the price elasticities of demand for these two goods will sum to
 a. 0.0
  b. -0.5
  c. -1.0
  d. a number between 0 and -1.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

trampas

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

c


Pineappleeh

  • Member
  • Posts: 585
Reply 2 on: Jul 1, 2018
Wow, this really help

upturnedfurball

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

DNA-based migration routes of Homo sapiens DNA-based migration routes of Homo sapiens
Trilobite hypostome types based on attachment Trilobite hypostome types based on attachment
Diagram showing the sites of action of different antihypertensive drugs. Diagram showing the sites of action of different antihypertensive drugs.
Global Economic Relationships Global Economic Relationships
economic question economic question
economic question (having trouble) economic question (having trouble)
Video: Elementary kinetics

For a complete list of videos, visit our video library