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.
B
You might also like to view...
Because employer-provided health insurance was too expensive, a major employer decided to self-insure and simply pay for medical bills itself rather than a premium to an insurance company. As a result
a. they are more likely to institute a wellness program for employees b. they are less likely to institute a wellness program for employees c. they are indifferent with regards wellness programs d. they will regret this decision
If Mellon Bank has demand deposits of $6 billion and excess reserves of $50 million, and the reserve requirement is 10%, the bank's actual reserves are
A. $550 million. B. $600 million. C. $650 million. D. $1 billion.