All of the Following Statements About Legalizing and Taxing Drugs

question 4

Multiple Choice

All of the following statements about legalizing and taxing drugs are true except

• A)legalizing and taxing drugs would eliminate the black market in drugs.
• B)the quantity of a drug bought could be decreased if the drug was legalized and taxed.
• C)a sufficiently high tax could be imposed to decrease supply,raise the price,and achieve the same decrease in the quantity bought as with a prohibition of drugs.
• D)an extremely high tax rate would be needed to cut the quantity of drugs bought to the level prevailing with a prohibition.
• E)tax revenue can be used to make law enforcement more effective.

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Definitions:

Ladder Logic

A programming language used to represent control logic in easily understood symbols arranged in a structure resembling a ladder, widely used in industrial and mechanical applications.

Scan

The process by which a PLC (Programmable Logic Controller) systematically checks its input signals and updates its outputs.

Internal Relay Coil

An internal relay coil is a virtual or logical coil in programmable logic controllers (PLCs) or software applications, representing the state of an output or condition without requiring a physical relay.

I/O Rack

A physical or virtual component that houses input/output modules, facilitating the exchange of data between a control system and external devices.