When the RCMP Arrested Several Large Marijuana Dealers, Economists Predicted

question 97

Multiple Choice

When the RCMP arrested several large marijuana dealers, economists predicted that the street price of marijuana would ________ because ________.

• A) rise; there are fewer sellers in the market
• B) fall; this is an illegal activity
• C) fall; the economy will go into a recession
• D) rise; there are more buyers in the market
• E) fall; selling drugs isn't a market-based activity

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Definitions:

Organization

An arranged group of people with a particular purpose, such as a business, government body, or charity.

Code of Standards

A set of guidelines or principles established by an industry or organization to ensure quality and consistency.

Roe V. Wade

A landmark decision by the U.S. Supreme Court in 1973 that legalized abortion nationwide.

Supreme Court

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