The economic argument for legalizing drugs

a. is morally bankrupt.
b. is based on the assumption that demand is relatively price inelastic.
c. shows that economists are all libertarians at heart.
d. takes into consideration all the externalities associated with drug use.
e. is really politically motivated.


B

Economics

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Which of the following statements is true of the relationship among the average cost functions?

A) ATC = AFC - AVC B) AVC = AFC + ATC C) AFC = ATC + AVC D) AFC = ATC - AVC

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Strategic dependence is found in

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What is the stage in a business cycle called when real GDP stops falling?

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