Here is the assignment: As we emphasized in the beginning of this course, economics really consists of a set of tools that can be used to analyze problems. This assignment takes a look at a question that is confronting the U.S. as
marijuana is becoming legalized in more states: why are drugs stronger than they used to be? Economics has tools to provide answers to this question. Click here (Links to an external site.) to watch a video on this subject.
Then answer the following questions in a document on your computer. You can enter your answer directly into the space provided (the preferred method) or you can attached a file using the following file formats: doc, docx, or txt.
1. Explain the Potency Effect.
2. Then explain which economic principles from Ch 1 are used in the video to answer the question of why illegal drugs are stronger today.
Then submit your document by uploading the file.
Link video: http://www.learnliberty.org/videos/whyareillegaldrugsstrongertheyusedbe/