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/
Link ebook
ch1:
http://www.macmillanhighered.com/launchpad/krugmanwellsmicro4/2800690/Home#/ebook/item/MODULE_bsi__E5D9EEC9__E99B__4CED__8213__F353A8BFB99B/bsi__6328EEE4__CDB0__493A__8915__F6FCCA33AC8A?
mode=Preview&getChildrenGrades=True&includeDiscussion=False&readOnly=True&toc=ebookfilter&renderIn=fne
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