Author Question: The economic argument for legalizing drugs a. is morally bankrupt. b. is based on the assumption ... (Read 104 times)

Pineappleeh · **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.