Economics Case Studies Government Intervention Case Study #2- Read the scenario and answer the questions below . You and your friend Paul are both 18 years old . You don't vape but Paul does and he's angry that the U.S. Food and Drug Administration recently increased the federal minimum age to purchase tobacco, e-cigarettes, and vaping cartridges from 18 to 21. Paul calls vaping a "victimless crime" and says that he's against any law that restricts adults from doing whatever they want with their own bodies . 1. Do you think vaping is a victimless crime ? Why or why not? 2. Why do you think the government increased the age to purchase e-cigarettes? . Other than increasing the age requirement, identify two other things the government could do to decrease the use of tobacco and e-cigarettes among teenagers? 4. Will this law increase or decrease the quantity of e-cigarettes that will be sold to teenagers in illegal black markets? Explain your reasoning. 5. Do you support the new law to increase the age to purchase e-cigarettes? Why or why not? 6. Paul argues that all drugs, including cocaine and heroin, should be legalized. Do you agree? Why or why not? 7. Paul posted this Ronald Reagan quote on Instagram, "Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it." If you had to leave a comment, what would it be? 8. Identify a different law that Paul would most likely disagree with. Do you agree with Paul? Video Help: https://youtu.be/sDqGzMdhL1M Do not post online License expires 7/1/2021 @Copyright Jacob Clifford, 2020