¶ … solutions for the alcohol abuse problem from economists' point-of-view. The second section of the paper addresses the situation of prescription drugs and how they can affect the demand and supply of other products and services. The paper continues with a section that explains the relationship between supply modification and elasticity of demand, and between demand modifications and elasticity of supply. There is also a section that discusses increasing-costs industries. Another section of the paper address the conditions required for competitive markets to be economically efficient. There are several solutions that economists can offer when addressing the alcohol abuse problem. In this case, the problem is regarded as a negative externalities situation of the production and consumption of alcohol. The assumption in this case is that alcohol abuse is a negative externality because of its consequences, like drunk driving and the effects on consumers' health and on relationship with other individuals. The Coase theorem is one of the solutions that can be applied in this case. This means that the parties involved in the process and affected by alcohol abuse can negotiate compensatory benefits in accordance with their power of influence on decision makers and with the importance of consequences determined by this situation. The success of this solution also depends on the cost of negotiation. Another solution to this problem is represented by Pigouvian taxes and regulations. In this case, the level of established taxes must be similar to the value of the externality. Therefore, the variable that must be modified is represented by the taxes associated with alcoholic beverages. Regarding the marginal change, it is obvious that prices of alcohol...
As a response to such actions, individuals are likely to reduce consumption.
For the purpose of spreading the information this paper includes some of the signs and symptoms of alcohol dependence. Consuming five or more drinks in a row for boys and four or more drinks in a row for girls is considered binge drinking. Alcohol poisoning is a grave consequence of binge drinking. The signs of alcohol poisoning are feeling confused; having a seizure; experiencing irregular breathing; pale or blue-tinged skin;
Alcohol Abuse This topic will be alcohol abuse. The dimensions that will be covered are, in order, a brief history, current trends or issues, societal concerns or issues related to the topic, the significance or relevance of the topic to the counseling profession and any future implications that exist when it comes to the subject. While alcohol is usually legal and illicit/prescription drugs are very much dominating the discussion about drug
Meth Addiction and Abuse Problems Meth Crystal Addiction and Abuse Problems in Los Angeles County Meth addiction and abuse problems are on a rise in Los Angeles County and many other places in other countries. Its use and abuse has become so common that some people have started referring to it as the new heroin. Just like any other drug, the use of this drug above its therapeutic dose has produced toxicities
Economics of Alcohol Abuse Econcs Of Drugs & Alcohol How an Economist Might Approach Alcohol Abuse One answer would be to raise price by decree. Holding all other factors the same, this artificial price increase would initially reduce quantity consumed, but there would still be demand that went unfulfilled, which implies foregone profit at the new lower quantity and higher shelf price. Were supply restricted, say through a fixed number of licenses, this
Alcohol I began my research with an open mind. Alcohol was a huge topic, and I needed to narrow it down and come up with something meaningful to research. As I looked at the different aspects of drinking habits, one issue kept resurfacing that drew my attention. That issue was the long-term effects of drinking on the individual. I was interested in binge drinking, as well as heavy drinking sustained over
Solution Focused Group Therapy Depressed Individuals Solution Focused Group Therapy on Depressed Individuals People encounter various challenges in life ranging from diseases, lack of basic essential needs and psychiatric problems among others. This has given rise to various forms of therapies being adopted by specialists whilst offering solutions to depressed individuals. Group therapy has taken a center-stage in the management of depression. Butler et al. (2008) in their article titled "Meditation with
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