Several States Have Made the Possession of Small Quantities of Marijuana

question 20

Multiple Choice

Several states have made the possession of small quantities of marijuana a civil infraction, similar to a parking ticket. This policy is referred to as:

• A) legalization.
• B) maintenance.
• C) full decriminalization.
• D) partial decriminalization.
• E) none of the above.

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Definitions:

Disposable Income

Disposable income is essentially the finance available for individuals or families to save or expend after all income tax charges have been subtracted.

Autonomous Consumption

Consumer spending that does not depend on current income, influenced instead by factors like wealth and basic needs.

Autonomous Consumption

The level of consumption that occurs when income is zero, representing the expenditures needed to meet basic needs.

Disposable Income

The available sum for households to allocate on spending and saving post the deduction of income taxes.