Sunday, December 11, 2011

Unit 1: The external cost of excessive alcohol

The Guardian has some unbelievable stats in this article

http://www.guardian.co.uk/society/2011/dec/09/hospital-admissions-drinking-double?INTCMP=SRCH

a) Why is this an external cost of alcohol consumption?
b) State 3 other external costs of alcohol consumption
c) What actions could the government take to internalise these external costs of alcohol?

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