Could America Finally Win the War On Drugs... With Economics?: Squeeze the Supply

Could America Finally Win the War On Drugs... With Economics?: Squeeze the Supply

Assessment

Interactive Video

Business, Social Studies

7th - 12th Grade

Hard

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The video explains the basic concepts of supply and demand, highlighting how the war on drugs ignores these principles. It discusses the inelastic demand for drugs and the ineffectiveness of supply-side interventions, which often lead to increased prices and market failures. The video critiques the reliance on supply-side economics and Say's Law, suggesting that reducing demand might be a more effective strategy.

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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