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There is much discussion in the press about several states moving to legalizing marijuana, either for only medical purposes, or more extremely, for recreational purposes. Looking only at the economic impact (not moral implications) of such changes in the laws, discuss how the existing system of supply and demand for illegal marijuana will be changed with the new legalization. What will happen to existing supply avenues? Will legalization significantly change demand? How? Would one expect prices to change significantly? How? What would be the costs and benefits to governments, both in changes in enforcement requirements and in potential tax revenue?
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In the long-run, how would the solution of someone who favoured an active policy approach to an expansionary gap differ from that of someone who favoured a passive approach to policy?
Since the end of World War II, the U.S. unemployment rate, Use of inaccurate and falsified data in deliberately related to economic decision making is:
Seasonal unemployment results from
In addition to preferences, a consumer’s choice is further constrained by
The government of Watertown requires that all residents of the city register their cars in the city. It has put a 1.21% city tax on that value of cars registered in the city. Watertown collects no other specific excise taxes, and all other government..
Agree or disagree (and justify your answer): If the distribution of u in a population regression model is not normal, then the OLS estimators are not BLUE.
What is the responsibility of individuals in the cost of their care Are health savings accounts and high deductible insurance policies an approach that should be expanded What are the concerns for low-income individuals
Why do you think it is important for managers to understand the mechanics of supply and demand both in the short run and in the long run?
The Fed's decided to maintain its low interest-rate target in the face of a rightward shift of theAD curve in the late 1960s which led to an inflationary equilibrium. Discuss the short-run and long-run costs and benefits of the Fed's other two op..
Discuss the implications on the dead weight loss
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