Friday, May 23, 2008

Unit 2: Negative externalities asociated with excess alcohol consumption

A frightening BBC video clip, and associated article, on the negative externalities (not to mention the private costs) associated with excessive alcohol consumption video article

a) What are the negative externalities associated with excessive alcohol consumption?
b) Why, in economic terms, is there excessive alcohol consumption?
c) What actions could the government take to reduce the market failure and lead to a more efficient allocation of resources

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