Question

The United States has accelerated national efforts to educate the nation's youth in regard to the dangers of drug use and abuse. There is now a debate about increasing spending on drug interdiction by building wall along the Mexican border. 1) So using the economic concepts related to elasticity .. post an opinion as to which you believe will be the more effective measure (education or interdiction?) 2) Once again, show me and your classmates you understand the elasticity concepts by using them to support your post. Is demand for heroin elastic or inelastic? Is the supply of heroin elastic or inelastic? 3) Does education shift the supply or demand curve for heroin? Does interdiction shift the supply or demand curve for heroin? 4) Next, refer to pages 115-119 of the Openstax textbook to decide what would be the more effective policy, education or interdiction? The application of total revenue in this scenario will be different than the application in the textbook. Total revenue with this application would be black market revenue or revenue drug dealers and smugglers receive. So which policy do you believe would have the greatest impact on the revenue the black market receives? 5) Vancouver Canada is the first city in North America that will give addicts heroin for free in a four year clinical trial known a SALOME. How does this fit the supply and demand model for addiction? Does this seem rational?

Answer 1