
Legalizing a drug such as cocaine would
A) decrease significantly the price.
B) have minimal effect on consumption if demand is price inelastic.
C) allow the government to impose a tax to keep prices high.
D) allow the government to collect revenue that is currently flowing into the hands of drug cartels.
E) do all of these.
Correct Answer:
Verified
Q61: Economists do not disagree on the role
Q62: Suppose two types of students, those from
Q63: When the free market reacts to a
Q64: In the market system, people employ their
Q65: Discrimination on the basis of characteristics that
Q67: There is universal agreement that Americans have
Q68: John Maynard Keynes, the leading economist of
Q69: The market for medical care is a
Q70: The laws of economics do apply to
Q71: In a free market system, only those
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents