ECONOMIC EFFECTS OF THE LEGALIZATION OF MARIJUANA Prepared for MGMT 2200-014 Written Business Communication Prepared by: April 14‚ 2013 Table of Contents Executive Summary 3 Introduction 5 Background 5 Purpose 5 Findings 5 Economic benefits of legalization 5 Economic detriments of legalization 6 U.S. comparison to other countries 7 Conclusions
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Fiscal policy can be determined as the use of government spending and taxes in order to alter the Gross Domestic Product (GDP). From the macro perspective‚ the federal budget is a tool that can shift aggregate demand and thereby alter macroeconomic outcomes. Although fiscal policy can be used to pursue any of the economic goals‚ we need to explore its potential to ensure full employment and observe the impact on inflation. The mix of output and distribution of income will determine the potential
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acceleration of economic growth produced environmental deterioration in China? China is one of the world’s economic powerhouses as it became large enough to influence the world market‚ dynamic enough to contribute to the world’s economy and sufficiently open to trade and capital flows to have a major impact on other countries. With the world’s largest current account surpluses and foreign exchange reserves and economic growth that have averaged at 10% the past thirty years‚ China’s economic growth developed
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Québécois Economic Policy- Provincial or Pathetic? By Abe McClenny H History 3rd 6/11/12 WC: 2023 A. Plan of the Investigation To what extent did economics in Quebec lead to Québécois nationalism in the late 20th century? To assess the degree to which economics led to the unification of the French-Canadians‚ this investigation focuses on the events leading up to the 1995 referendum on Quebec sovereignty. The differences between the French and English Canadians‚ and the connections
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Journal of Economics and International Finance Vol. 2(11)‚ pp.251-260 November 2010 Available online at http://www.academicjournals.org/JEIF ISSN 2006-9812 ©2010 Academic Journals Full Length Research Paper Exchange rate volatility‚ stock price fluctuations and the lending behaviour of banks in Nigeria Mbutor O. Mbutor Research Department‚ Central Bank of Nigeria. E-mail: mbukor@yahoo.co.uk. Accepted September 9‚ 2010 Following the recent global economic crisis‚ so many macroeconomic
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The economic objectives of individuals‚ firms and government. Economic Objectives of Firms Profit maximization Profit maximization is the process of obtaining the highest possible level of profit through the production and sale of goods and services. Profit is the difference between the total revenue a firm receives from selling output and the total cost of producing that output. Profit-maximization means that a firm seeks the production level that generates the greatest difference between
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Effects of the One-Child Policy China is the most populated country in the world with a total of 1.4 billion people‚ and the population is still growing. (WDI) Overpopulation is a current issue that many countries are dealing with and hope to gain control over. In China the previous leader Mao believed that a strong nation had a large population‚ but China has doubled its population since then. Now the country is being prevented from advancing due to the effects of a large population. The effects
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vesting of the ownership and control of the means of production and distribution of goods and services in the community as a whole‚ characterize this system of social organization. Another common definition of a socialist form of government is the one that attempts to reduce social‚ economic‚ medical‚ and political inequalities among its’ people. Inequalities are the norm in capitalistic societies. This inequality is considered unfair to some people; therefore‚ socialism is used to try to minimize these
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infrastructure. On a government level‚ difficulties have been caused by a failure of appropriate inspection and monitoring‚ and confusion caused by changing curricula without proper communication and training. All this has lead to massive demoralisation and disillusionment among teachers and a negative and worsening perception of the teaching profession. S Recently appointed director of the Centre for Education Policy Development (CEPD) and former director and acting chief director for the National Department
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Trade agreements are a wide ranging tax‚ tariff and trade treaties that often include investment guarantees. The most common trade agreements are of the preferential and free trade types and are concluded in order to reduce (or eliminate) tariffs‚ quotas and other trade restrictions on items traded between the signatories. General Agreements of Trade and Tariff (GATT) A treaty was created following the conclusion of World War II. The General Agreement on Tariffs and Trade (GATT)‚ which was a
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