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

Author Question: Suppose the U.S. Drug Enforcement Agency steps up its efforts to control the illegal importation of ... (Read 98 times)

newyorker26

  • Hero Member
  • *****
  • Posts: 536
on: Jul 1, 2018
Suppose the U.S. Drug Enforcement Agency steps up its efforts to control the illegal importation of cocaine into the United States. What is the likely effect on the market for illegal drugs in the United States?
 a. The price of cocaine and the quantity imported will both increase.
  b. The price of cocaine is likely increase and the quantity entering the country decrease.
  c. The price of marijuana, a cocaine substitute grown domestically, will fall.
  d. The policy will have the least impact on those individuals whose demand for drugs is elastic.
  e. Demand for drugs is highly inelastic and these policies have little or no effect on consumption.

Question 2

In Fisher's model of the determination of the rate of return, the price of a future good is:
 a. less than the price of a current good if the interest rate is negative.
  b. equal to the price of a current good if the interest rate is positive.
  c. greater than the price of a current good if the interest rate is positive.
  d. less than the price of a current good if the interest rate is positive.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ky860224

  • Sr. Member
  • ****
  • Posts: 350
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

d


newyorker26

  • Member
  • Posts: 536
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

milbourne11

  • Member
  • Posts: 322
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

An example of a homeostatic control system. An example of a homeostatic control system.
Neuropeptides and Peripheral Peptides Involved in Control of Food Intake and Metabolism Neuropeptides and Peripheral Peptides Involved in Control of Food Intake and Metabolism
Enterohepatic recirculation of a drug can increase its half-life in the body and prolong its ... Enterohepatic recirculation of a drug can increase its half-life in the body and prolong its ...
The homeostatic control of normal body temperature (37°C or 98.6°F). The homeostatic control of normal body temperature (37°C or 98.6°F).
Experimental demonstration of respiratory control Experimental demonstration of respiratory control
Ophthalmic drug administration Ophthalmic drug administration
Video: Hormonal feedback loop components & Glucagon (glycogenolysis and gluconeogenesis)

For a complete list of videos, visit our video library