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The require for illegal drugs is inelastic. Much of the expenditure on illegal drugs comes from crime. Suppose these statements to be correct,
1. How will a successful campaign that reduces the supply of drugs influence the price of drugs and the quantity spent on them?
2. What will occur to the amount of crime?
3. What is the most effective way of reducing the quantity of drugs consumed and reducing the amount of drug-related crime
Types of Policies for Reducing Pollution
The monetarist and fiscal controversy is still on. The recent history of the U.S. looks like a success story of the monetarists; but besides pure luck, it involved strong element o
Types of production function
why is it important to consider the complex nature of health and health care when examining economic principles related to health care delivery?
Consider two different consumer-directed health plans. One has a $5000 deductible, with the insurance paying for all care after the deductible has been met. The other has a $2000 d
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Earlier than the Civil War, the South graded with the North and with England. It sold cotton and bought manufactured goods and food. Throughout the war, one of Lincoln's first acti
Why and how the State should intervene through government apparatusin the economic sphere of the country, has been a significant discourse in economicsfor long. According to one th
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