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

Author Question: Suppose the United States steps up efforts to combat drug trafficking and, with the aid of the ... (Read 102 times)

altibaby

  • Hero Member
  • *****
  • Posts: 562
on: Jun 30, 2018
Suppose the United States steps up efforts to combat drug trafficking and, with the aid of the Colombian military, destroys a significant percentage of cocaine crops. Predict the impact of increased drug interdiction on the market for cocaine in Los Angeles.
 a. The supply of cocaine will increase causing the price of cocaine to increase.
  b. The demand for cocaine will increase causing the price of cocaine to increase.
  c. The supply of cocaine will decrease causing the price of cocaine to increase.
  d. There will be a movement up along the supply curve of cocaine.

Question 2

If MPC = 0.75, a 40 billion decrease in government purchases would have what size effect on the first round of induced added consumption?
 a. 30 billion
 b. 40 billion
 c. 120 billion
  d. 160 billion


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

LVPMS

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


altibaby

  • Member
  • Posts: 562
Reply 2 on: Jun 30, 2018
Excellent

FergA

  • Member
  • Posts: 352
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Developmental steps in the maturation of Tasmanian devil young. The diagonal lines indicate the amou Developmental steps in the maturation of Tasmanian devil young. The diagonal lines indicate the amou
Several species of squirrels have melanistic phases. In large parts of United States and Canada, the Several species of squirrels have melanistic phases. In large parts of United States and Canada, the
A new drug development timeline, with the four phases of drug approval A new drug development timeline, with the four phases of drug approval
The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p
Daily Calorie Intake from Sugar Drinks, United States, 2005–2008 Daily Calorie Intake from Sugar Drinks, United States, 2005–2008
The Dose-Effect Relationship, Showing (A) Drug Potency and (B) Drug Efficacy (Or Effectiveness) The Dose-Effect Relationship, Showing (A) Drug Potency and (B) Drug Efficacy (Or Effectiveness)
Video: How a Urinalysis is Performed

For a complete list of videos, visit our video library