Premium Essay

Economics Term Paper

In: Business and Management

Submitted By flaca4057
Words 2971
Pages 12
The Economic Benefits of Addiction Treatment Versus Prison
Economics 2302 CRN 11789: Chu Nguyen
Fall 2013
Lisa Carpenter

The Economic Benefits of Addiction Treatment Versus Prison In 2010, it was estimated that there were 22.6 million Americans that were addicted to illicit drugs. The economic effects of drug addiction are staggering. It affects everything from health care costs to prison costs, to unemployment and social costs. In the past, the solution to drug addiction was to lock up the drug addicts and dealers in prison, get them out of the eye of society and the problem will go away. The prisons became overcrowded and new prisons had to be built to accommodate them. In the 1990’s, states started to implement drug courts and began to address the problem of addiction. By treating the demand (the addiction), the supply, and all of the problems that go along with it will ultimately be greatly reduced.
A woman, whom I will call Sarah, became addicted to the pain killer, Vicodin when she had her wisdom teeth out. For years, in order to feed her addiction, Sarah would go from doctor to doctor requesting the medication. Eventually, the addiction became so out of control that she needed more pills than the doctors were willing to prescribe her. At this point, if she just stopped taking the medication she would go into physical withdrawals similar to heroin. To get the quantity of medication she needed on a daily basis, she started calling in to the pharmacy her own prescriptions. She had once worked in a doctors’ office so she knew the information that the pharmacy would need.
This worked for a while, but eventually a pharmacy got suspicious and called the doctor’s office to verify the prescription. Finding out the prescription was forged, the pharmacist called the police and Sarah was arrested when she showed up to get her medication....

Similar Documents

Premium Essay

Economic Term Paper

...ECO 100 – Principles of Economics COURSE DESCRIPTION Presents a survey of basic macro- and microeconomic principles and concepts. Reviews the economic dynamics of market forces affecting competition, different economic systems, the role of government in the economy, and economic aspects of international trade. Discusses the labor market, interest rates and the supply of money, and performance of a national economy. Examines the use of economics in business decisions, considering such principles as opportunity costs, diminishing returns, and the marginal principle. INSTRUCTIONAL MATERIALS Required Resources O'Sullivan, A., Sheffrin, S., & Perez, S. (2012). Survey of economics: Principles, applications, and tools (5th ed.). Upper Saddle River, NJ: Pearson-Prentice Hall. MyEconLab book key  Note: This book key comes with the purchase of a new textbook and is needed in order to access MyEconLab. Supplemental Resources Aaronson, D., Mazumder, B., & Schechter, S. (2010). What is behind the rise in long-term unemployment? Economic Perspectives, 34(3/4), 28-51. Andreyeva, T., Long, M. W., & Brownell, K. D. (2010). The Impact of Food Prices on Consumption: A Systematic Review of Research on the Price Elasticity of Demand for Food. American Journal of Public Health, 100(2), 216-22 Heyne, P., Boettke, P. J., & Prychitko, D. L. (2010). The economic way of thinking. (12th ed.). Upper Saddle River: Pearson-Prentice Hall. High, J. (2011)....

Words: 5350 - Pages: 22

Premium Essay

Economic Terms Paper

...Economics Terms and Health Care History Joshua A. Barron HCS/440 May 08, 2012 Larry Gonzales Economics Terms and Heath Care History To understand how Americans came into being with the current health care system in place today, it would behoove society to look where it began, where health care economics had its genesis, and how it evolved into the monster it is today. “The United States spends more on health care, both per capita and as a share of Gross Domestic Product (GDP), than any other country in the world. In 2009, spending on health care reached a record high $2.5 trillion, or 17.6 percent of U.S. GDP” (Center for U.S. Health System Reform, 2011, p. 1, Para 2). The health care industry is the dominating industry in the United States and it is currently controlling and dictating the lives of Americans across the nation. Many workers are weighing the facts of switching jobs because they may have to switch health care coverage, and with the high cost of health insurance many people are left out or cannot afford it. Patients complain about the care they receive and are eager to award their physician with a lawsuit. This paper will discuss the history and evolution of health care economics and the timeline of health care funding. History of Health Care Economics “Who will pay for the dramatic changes to health care....

Words: 1199 - Pages: 5

Premium Essay

Economics Term Paper

...[pic] TERM PAPER OF MICRO ECONOMICS ON BUDGET 2009:AN EVALUTION OF ITS EFFECTS ON AAM AADMI INTRODUCTION OF BUDGET 2009 The main challenges outlined by the Finance Minister, Mr. Pranab Mukherjee, while presenting his Budget speech for the short term and long term perspective of the Indian economy are: 1. To lead economy to high GDP growth rate of 9% p.a. at the earliest. 2. To deepen and broaden the agenda for inclusive development. 3. To improve delivery mechanisms of the government. In keeping with tradition, the Budget proposals are a mixed bag of the good and the bad. Some of the biggest disappointments in the Budget proposals are that there are no provisions for any reforms in the FDI policy, the public sector enterprises such as banks and insurance companies are to remain in the public sector and there is a projected fiscal deficit of 6.8%. The major positives are the proposals to abolish Fringe Benefit Tax (FBT), Commodities Transaction Tax (CTT) as well as to phase out surcharge on income tax starting with its elimination in this Budget from personal income tax. Another significant benefit is the clarification on taxation of Limited Liability Partnerships (LLPs)....

Words: 5890 - Pages: 24

Premium Essay

Economics Term Paper

...Term Project ON Euro Crisis: Origin, consequences and impact on world and Indian economy Submitted By: Ajay Sharma 2011SMF6623 Nitesh Goyal 2011SMF66 Sajal Agarwal 2011SMF66 Contents Description | Page No. | | | | | | | | | | | | | | | | | | | | | | | Impact on India | | Impact of FDI in India | | Snapshot of impact on India | | Conclusion | | References | | Impact on India Though India is primarily a domestic economy, India’s exports are positively linked to the global economic growth. This is likely to adversely impact India’s export growth in the coming months. However, growth will be only marginally affected by the slowdown in the euro region debt stricken countries as our exposure is low. Software services and other export oriented sectors would benefit from the rupee depreciation. FDI has not been significantly affected by the crisis while the FIIs are showing outflow in the last couple of months. International commodity price moderation is not being translated in domestic prices. Inflationary Concerns: Further, exchange rate depreciation would worsen the inflationary conditions in the economy....

Words: 1556 - Pages: 7

Premium Essay

Economic Terms and History Paper

...Economic Terms and History Paper Vicki Sellers HCS 440 July 10, 2014 David Disciascio Economic Terms and History Paper Health care economics have dramatically evolved throughout generations in this country. And those changes have caused a shift in how health care organizations to adjust their financial methods, strategies, and how they provide overall care. Health care economics has at times put a great burden on the health care industry such as the providers, the ones needing care, and the insurance companies who now help pay for that care. Health care facilities and companies continually have so many demands put on them with all the changes, it is not surprising that something has to suffer because of it and in our current economy, what seems to suffer most is the quality of care provided. Changes to health care and its delivery have also been impacted by technology, advances in medicine as well as different procedures and medicines . People vary in their belief systems in what has caused the changes to health care economics. Some individuals believe that is due to various changes that United States have gone through since her birth. However many others believe that a lot of influence has been due to advances in technology and how those changes have impacted health care. What is most important is having an understanding of these changes and the impacts they have made on the health care industry over all throughout history....

Words: 1035 - Pages: 5

Free Essay

Managerial Economics- Term Paper

...A Real World Economic Problem In other instances, an American administration, such as the current Bush Administration, supports the timber industry in the United States to assure political support in a critical general election (Goldfarb, 2002). In the current environment, the softwood lumber dispute is further aggravated by supply shortages in the production of lumber in the United States stemming from environmental and habitat protection. Timber harvesting restrictions have the effect of curtailing the supply of lumber available for the market. In the case of harvesting restrictions related to the protection of spotted owl habitat, most of the timber affected is softwood lumber used extensively in the construction of houses. When the supply of lumber is restricted with no corresponding curtailment of demand, supply and demand analysis predicts that lumber prices will increase in the short run. This analysis, however, is very narrow and does not take into consideration the impacts of alternative sources of the product or substitutes for the product (Janigan, 2002). In the case of softwood lumber used in the construction of houses, there are few viable substitutes. There is, however, for homebuilders in the United States a reliable alternative source of softwood lumber. The alternative source is Canada....

Words: 306 - Pages: 2

Free Essay

Stock Market Development & Economic Growth - Term Papers

...For that I want to take this program for a long term results where I can implement this knowledge to expand my own business or my near ones to globally. I live in a third world country. So, getting proper business knowledge is very difficult for us. We get only theoretical knowledge rather than practical knowledge. There is a very few scope to survey various renowned company or visiting outside the country to adopt with different culture. If I get practical knowledge, I am sure within a decade I will be capable to establish a company and on the above perspective I think university of applied science is best option for me. After completing the degree program, My desire is to find a job in Germany. I may stay there maximum two years to get...

Words: 391 - Pages: 2

Premium Essay

A Term Paper on the Role of Entrepreneurship in Economic Development of Nigeria

...andy chuks Role of business in Economic Development in Nigeria[->0] Share This, Tweet, +1 or Recommend &&&&&&&&&The role of business or entrepreneurship in economic development in Nigeria is very crucial and forms the backbone of National development. Below are some of the roles played by business in developing the economy of Nigeria. - Employment Generation: In Nigeria privately own small, medium and large scale business has come to be known as major source employment creation, unlike pre independence era where government was the major employer. By doing this business has helped in reducing the rate of unemployment. Businesses employs people to help them achieve their aims and objectives, with the establishment of businesses in Nigeria unemployment rate have fallen to some extent. - Direct Creation of Wealth by Contribution to the Gross National Product (GNP): GNP is the total monetary value of all goods and services produced in a country within a particular year. Businesses contributes directly to this because with more businesses the GNP will increase, also as businesses grow GNP increases. A country's level of economic development in determined by its GNP. - Provision of Technical Innovation: Innovations has been engineering by businesses seeking to improve their products and services. These innovations has brought tremendous improvement in the economy of countries....

Words: 292 - Pages: 2

Premium Essay

Termpaperwarehouse.Com - Free Term Papers, Essays and Research Documents the Research Paper Factory Join Search Browse Saved Papers Home Page » Social Issues Socio Economic Factors and Student Academic Performance in: - Free Term Papers, Essays and Research Documents The Research Paper Factory Join Search Browse Saved Papers Home Page » Social Issues Socio Economic Factors and Student Academic Performance In: Social Issues Socio Economic Factors and Student Academic Performance CHAPTER ONE INTRODUCTION 1.1 Background of the Study The responsibility of training a child always lies in the hand of the parents. This is congruent with the common assertion sociologist that education can be an instrument of cultural change which is being taught from home is relevant in this discuss. It is not out of place to imagine that parental socio–economic background can have possible effects on the academic achievement of children in school. Whatsoever affect the development environment of children would possibly affect their education or disposition to it. Parental status is one of such variables. When a woman's nutritional status improves, so too does the nutrition of her young children (Lisa et al, 2003). Rothestein has asserted as follows: "Parents of different occupation classes often have different styles of child rearing, different ways of disciplining their children and different ways of reacting to their children education needs. These differences do not express themselves consistently as expected in the case of every family; rather they influence the average tendencies of families for different occupational classes."...

Words: 341 - Pages: 2

Premium Essay


...For ease of reference the following format for each paper has been adopted: Question Mark scheme Example candidate response Examiner comment For Papers 2 and 4 each question is followed by an extract of the mark scheme used by examiners. This, in turn, is followed by...

Words: 7066 - Pages: 29

Free Essay

Health Care Economics

...Health Care Economics 3 Term Comparison Paper Demand, Economics and Supply Demand When the demand is higher than the supply, then there needs to be a decrease in the demand, because the patients will not receive adequate care. Balance needs to be made between supply and demand. When it comes to diseases and supplying new shots, not everyone will receive them. There is a...

Words: 1012 - Pages: 5

Premium Essay


...IASB/FASB Meeting Week commencing 14 March 2011 IASB Agenda reference FASB Agenda reference 5D Staff Paper Contact(s) FASB ED Session March 9, 2011 Michael Gonzales Danielle Zeyher David Humphreys 143 +1 203 956 3478 +1 203 956 5265 +44 20 7246 6916 Project Topic Leases Accounting for Purchase Options Objective 1. The purpose of this paper is to discuss the accounting by lessees and lessors for purchase options included in a lease contract. 2. This paper analyzes the accounting for all purchase options, including both options that the lessee has a significant economic incentive to exercise (which would usually include bargain purchase options) and options that the lessee does not have a significant economic incentive to exercise (which would usually include non-bargain purchase options). 3. This paper is structured as follows: (a) (b) (c) (d) (e) (f) Summary of staff recommendations Summary of the proposals in the leases Exposure Draft Summary of feedback (including comment letters and other outreach) Staff Analysis Staff recommendations Appendix A – preliminary draft wording relating to the accounting for purchase options This paper has been prepared by the technical staff of the IFRS Foundation and the FASB for discussion at a public meeting of the FASB or the IASB. The views expressed in this paper are those of the staff preparing the paper....

Words: 4741 - Pages: 19

Premium Essay

Professor - Free Term Papers, Essays and Research Documents The Research Paper Factory * Join * Search * Browse * Saved Papers ------------------------------------------------- Top of Form Bottom of Form * Home Page » * Historical Events Economic Development: a Comparison of Rostow and Gerschenkron In: Historical Events Economic Development: a Comparison of Rostow and Gerschenkron “Rostow’s pattern of thought of economic development is often compared and contrasted with that of Alexander Gerschenkron, though the two are more or less compatible and complementary.” Critically discuss this statement. The theory of economic development throughout history has been of significant discussion especially in regard to the works of Rostow and Gerschenkron. The differentiation between the pattern of thoughts and ideals is a hotly debated topic within economics. The ideals the two theorists create, each substantially creditable in their own right, entail degrees of correlation and variation. Leaving the conclusion, do the to patterns of economic thought complement one another or is there distinct disparity between the two.   Applied examples will be used below to analyse the extent of segregation or association between the works of Rostow and Gerschenkron....

Words: 2849 - Pages: 12

Premium Essay

Jobless Growth

...Discussion Paper 99 JOBLESS GROWTH IN INDIAN MANUFACTURING: A KALDORIAN APPROACH Michele Alessandrini* November 2009 Abstract Despite the remarkable economic performance in the last twenty-five years, India maintains a high discrepancy between the rate of growth of the economy and the rate of growth of employment. Labour elasticity to output has decreased over time and the capability of the Indian economy to generate employment seems to be limited. As a result, more than 60 percent of Indian workers are still employed in agriculture and 94 percent of total labour force can be found in the unregistered segment of the economy. This paper analyzes the jobless growth problem in India in terms of a Kaldorian framework where the linkages between agriculture and industry enter the labour demand through the changes in the terms of trade between the two sectors. Moreover, we investigate the role of the unorganized sector in influencing the growth of the registered employment. Using a dynamic panel dataset on registered manufacturing from the 15 major Indian states over the period 1980-2004, our System-GMM estimates show that states with a higher growth of demand for industrial goods originating from agriculture also exhibit a higher growth of employment. In addition, in those states where the weight of the unregistered manufacturing has risen over time, the jobless growth problem has worsened....

Words: 13030 - Pages: 53

Premium Essay

Pros And Cons Of Free Trade

...Executive summary Free trade is an economic policy that not distinguishing against imports and exports from the jurisdictions. Both seller and buyer that from open economy trades freely without controlling by the local government with applying tariffs and quotas on the goods and services. This paper is to analyse the factors that influence free trade to the developing countries. Within the framework, the research paper shows that tariffs can improve the country’s welfare. Besides, this paper shows that the improvement in country’s terms of trade can improve the country’s welfare. This paper is using one method which is a general equilibrium model whereas two traded outputs and one public consumption output are producing by using two factors of production. Key words: Free trade, developing...

Words: 1645 - Pages: 7