ECO 202 Unit 3 Assignment Latest-POST

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ECO 202 Unit 3 Assignment Latest-POST

ECO 202 Unit 3 Assignment Latest-POST

ECO202

ECO 202 Unit 3 Assignment Latest-POST

ECO 202 – Microeconomics

Due: Sunday by 11:59 pm at the end of Unit 3.

Should drugs be legalized?

Legalization of drugs such as marijuana, cocaine and heroin often provokes intense disagreement among citizens as well as policymakers. Because legalization would create a market for these drugs, economists can provide helpful commentary based on consumer choice and demand.

To read about the current debate visit:

http://www.drugpolicy.org/news/082307media.cfm

http://www.druglibrary.org/schaffer/debate/debate.htm

Support for legalization does not divide easily along traditional political viewpoints. For a conservative group’s argument see the Cato Institute at: http://www.cato.org/testimony/ct-dbz061699.html

The American Civil Liberties Union (ACLU) discusses the issue at:

http://www.aclu.org/criminal-law-reform

By contrast, the US Department of Justice argues against legalization at:

http://www.dea.gov/pr/multimedia-library/publications/speaking_out.pdf

For additional discussion by mainstream economists see:

Brookings Institution (a private research group)

http://www.brookings.edu/research/articles/1996/03/spring-crime-stares

National Bureau of Economic Research, “Smoking, Drinking, and Drug Use Respond to Price Changes”

http://www.nber.org/digest/may05/w10948.html

Your final product will be a paper that:

• Addresses the question above in total.

• Is APA formatted.

• The body is to be 2 pages minimum.

The requirements for your assignment are:

1. Answer this question fully.

2. Define the overall subject for the question.

3. Cite at least three (3) resources from this week’s materials.