The War on Drugs Began When President ______ Declared the Abuse

question 66

Multiple Choice

The war on drugs began when President ______ declared the abuse of illegal drugs as "public enemy number one."

• A)Johnson
• B)Nixon
• C)Clinton
• D)Reagan

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Definitions:

External Costs

Costs of an economic activity that are not borne by the participants but rather by other people or society at large.

Tax

A compulsory financial charge imposed by a government on individuals or entities to fund various public expenditures.

Marginal Social Benefit

An additional gain to society derived from consuming or producing another unit of a good or service.

Marginal Social Cost

An increased charge to the general public for the creation of one more unit of a product or service.