Economics

Assignment 1: Principles of Economics
College kid
Ms Hill
Eco 100
06/18/2009

An economist exclusivelyow for think that human being are rational federal agent and their solution for the problem of intoxicant abuse will all related to monetary value and benefit of being drunk - each by increasing exists or reducing the benefit. address and benefit here are not only in term of money; but ease of access, kindly adoption etc.
Increasing woo:
- Higher tax on inebriant
- obstruction of consumption in public places
- Stricter law on alcohol purchase and serving to known alcoholic
Reducing cost of discourse:
- Government subsidies on AA organizations and social workers
- increasing availability and awareness of possible help by advertising campaign.
Now reducing the benefit is a tough one; if it is related to social acceptance (binge drinking amongst teenager) then it can be touch on with better education of the masses not to view this manner as cool or even acceptable.
If it is well(p) colony - it is out of the realm of economy and into the realm of neuroscientist and psychologist - addiction actually rewires your neurons and the rational agent concept hardly applies here.




bell of Alcohol Abuse
These difficulties underscore the fact that although the economic cost of alcohol abuse can be estimated, it cannot be measured precisely. Nevertheless, estimates of the cost give us an idea of the dimensions of the problem, and the breakdown of costs suggests to us which categories are most costly.
In the most recent cost study, Rice and co-workers estimated that the cost to society of alcohol abuse was $70.3 one million million in 1985; a previous study by Harwood and colleagues estimated that the cost for 1980 was $89 billion. By adjusting cost estimates for the effects of inflation and the offset of the population over time, Rice projected that the total cost of alcohol abuse in 1988 was $85.9 billion, and Harwood projected that the cost in 1983 was $116 billion.
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