Question

In: Economics

Please name and discuss an activity that is legal that you wish was illegal. Why do...

Please name and discuss an activity that is legal that you wish was illegal. Why do you wish this activity was illegal?

Why did you name THIS activity over all other possible choices?

Please name and discuss an activity that it illegal, that you would like to make legal.

Why?

Why do you wish this activity was legal?

Why did you choose this activity over all other possible choices?

Please name an activity that is illegal, that you wish to remain illegal, but you would like to see more law enforcement resources applied to prevent or deter this activity.

Why did you choose this activity over all other possible choices?  

What, exactly, is a "black market"?

Please discuss an example of a black market that is new and original

In the "gas lines" example, what are the four alternative forms of allocation?

Solutions

Expert Solution

1) Legal activity but which I wish was illegal.

Drinking alcohol: In India the government offers liquor shops in majority of the places to increase the income of the country. The government things that liquor drinking is legal but it's actually illegal as drinking liquor has led many family to poverty. And on the other note smoking is legal in some countries. I wish smoking has to be illegal as it is dangerous for a man's life.

2) I name this activity over all other possible choices is because I think majority of the people are affected due to these practices.

3) One illegal thing that I wish to legalize it downloading torrents. I prefer this because all all the people I will not be able to to pay and watch movies. Only the people those who can afford it can pay and watch movies. Has downloading torrent is an illegal activity I wish to legalize it as all the people will be able to watch the movie without any disturbances. It is a part of entertainment for each and everyone.

4) Black Market:

Black market is a place where illegal trading of goods take place which means goods which are not to be bought a not to be sold in a particular place. This include buying and selling of legal banned goods,currencies, supplies,etc


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