Unit 1 Assignment Essay
Cars (1000's/year) Milk (1000's of gallons/ year)
The PPF illustrates a negative slope which indicates larger quantities of cars correspond to a smaller amount of milk, and vice versa. This happens because all the economy's resources are already in use, and therefore obtaining more cars would always require sacrificing some milk. …show more content…
Problem #3: Read the “LAST word” feature on markets for human organs on Page 66 of your text. Next, select a social problem where free markets are not allowed to function and describe how free market features could be introduced to help alleviate the problem. As part of your answer also include a discussion of the risks of introducing market mechanisms in situations where ethical issues are present. Your answer should be approximately two pages long and in APA format.
The legalization of marijuana has been on the forefront of many ongoing debates and has been a topic that always loses to the regulated government market system. The war on drugs is an expensive battle, there are an extensive amount of resources that goes into catching those who buy or sell illegal drugs. Marijuana which is highly used and no more harmful than currently legal drugs such as tobacco and alcohol has caused many people to think that since this drug