Answered: According to the Canadian Centre for…

According to the Canadian Centre for Substance Abuse and Addiction, what are the recently estimated effects of illicit drug use on the Canadian economy

EBK HEALTH ECONOMICS AND POLICY

7th Edition

ISBN:9781337668279

Author:Henderson

Publisher:Henderson

Chapter6: Population Health

Section: Chapter Questions

Problem 3QAP

See similar textbooks

Related questions

Q: When the FDA lifted restrictions of TV advertisements for prescription medication in 1997, How has…

A: The objective of the question is to understand the impact of the FDA's decision to lift restrictions…

Q: Which of the following are ways that a private insurance company or the federal government controls…

A: The drugs being used for the management and prevention of chronic diseases are known as prescription…

Q: what are your contributions of a pharmacist into socio-economic development as a consumer and as a…

A: A pharmacist is said to be a person who is involved in the process of designing, creating, or…

Q: rustration over US pharmaceutical pricing has led researchers to develop frameworks for evaluation…

A: Cost-utility analysis (CUA) is a financial analysis wherein the steady cost of a program according…

Q: Why does taking a drug off a formulary increase the prices to the consumer?

A: At the marketplace, there are many pharmaceutical companies that make their medicines using…

Q: A medical reported that the consumption of this product has many health benefits Describe how does…

A: As a medical reported that the consumption of this product has many health benefits, Describe how…

Q: Should price controls be imposed on life-saving drugs? Will consumers benefit or be harmed by this…

A: Life-saving drugs are the medicines and other required drugs to be used for treatment of different…

Q: Discuss the kind of pressure the Health Maintenance Organizations (HMO) exerted on the price of…

A: The health-care system that provides insurance and services to its members. The traditional HMO is…

Q: does poverty have an effect on juvenile deliquency?

A: Yes, poverty has an effect on juvenile delinquency. Poverty is a major repeating factor of juvenile…

Q: how did cannabis legalization affect market demand?

A: Cannabis is a kind of marijuana, which is an addictive drug used for various medical purpose. It is…

Q: Why does the US government feel that the use of illicit drugs such as cocaine and opium (morphine)…

A: The government uses fiscal policy to increase employment and investment by increasing the aggregate…

Q: If the government wishes to make its population pursue a healthier lifestyle by creating a reduction…

A: Without directly increasing the price of cigarettes, the government can reduce its consumption by…

Q: In the United States, most hospitals are non-profit, while nearly all pharmaceutical companies are…

A: There are many reasons that most of the hospitals in the United States are non-profit, one reason…

Q: What are the problems associated with changing the statistics in drug research?

A: Statistical tools are very important for the purpose of the analysis of any study as it is the…

Q: What are concerns that some people have with the use of consumer decision nudges by governments?

A: The study of consumer behavior explains how individuals choose what products and services to buy,…

Q: Which of the following statements is not correct concerning government attempts to reduce the flow…

A: Let's first understand what's the meaning of drug interdiction. The interception of illegal drugs…

Q: In most countries, government policy to eliminate narcotic problem is to catch narcotic…

A: Answer: It is seen that generally, all the countries try to catch the narcotic producers to…

Q: How can correctional budgets be decreased without compromising institutional safety and public…

A: Governments, businesses, and individuals all use budgets to estimate revenue and expenses for a…

Q: Should there be one $/QALY for an entire country? How would you expect drug companies to react to…

A: There should be standard minimumprice for drugs.One dillar should be preferrable. Therefore it…

Q: Drug interdiction, which reduces the supply of drugs, may decrease drug-related crime because the…

A: Demand describes the quantity of a good or service that consumers are willing to purchase at various…

Q: . “Drug use is a classic example of a victimless crime. Therefore it should not be prohibited.”…

A: Victimless crimes is a private crime and no other person or third party is affected. An example…

Q: The Tucker family has health insurance coverage that pays 80 percent of out-of-hospital expenses…

A: Health-care coverage Tucker is currently residing in the United States with his family. For his…

Q: Identify the initial equilibrium price and quantity of the drug per day. Suppose the government…

A: Equilibrium in the market occurs where quantity demanded is equal to quantity supplied.

Q: Compare and contrast the four sociological theories of drug use and abuse. Which theory do you…

A: If we consider the sociological theories of drug use and abuse there are many theories present some…

Q: Read the following article and then answer the questions that follow: Without question, the most…

A: Given Passage: Without question, the most important…

Q: Give correct typing answer with explanation and conclusion Is the drug problem an economic,…

A: A socio-economic perspective is a way of understanding society and the economy through the lens of…

Q: Demand studies in health care have provided estimates of both income and price elasticity. Estimates…

A: Elasticity basically refers to the change of one variable in response to other variables. It can be…

Q: What are some ways drug use has changed from early times to modern times ? What are some predictors…

A: Social history proposes that our relationship with drugs is more complicated than the worldview of…

Q: Should the FDA consider economic factors in new drug approvals?

A: Approval of drug means that the particular drug approved is useful for particular illness and it…

Question

According to the Canadian Centre for Substance Abuse and Addiction, what are the recently estimated effects of illicit drug use on the Canadian economy?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1: introduction

VIEW

Step 2: answer

VIEW

Solution

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

how did cannabis legalization affect market demand?
Why does taking a drug off a formulary increase the prices to the consumer?
Caffeine is a highly addictive drug found in coffee, tea, and some sodas. Unlike cigarettes, however, there have been very few calls to tax it, regulate its consumption, or limit its use in public places. Why the difference? Can you think of any economic arguments for regulating (or taxing) its use?
Are Pharmaceutical price-takersor price-setters?
what are your contributions of a pharmacist into socio-economic development as a consumer and as a producer
Demand studies in health care have provided estimates of both income and price elasticity. Estimates of income elasticity are usually above +1.0 and estimates of price elasticity typically range between −0.1 and −0.75 (with hospital services at the lower end and elective services at the upper end). What is the significance of these estimates to policy makers?
Compare and contrast the four sociological theories of drug use and abuse. Which theory do you align with the most strongly and why?
In the United States, most hospitals are non-profit, while nearly all pharmaceutical companies are for profit. Can you offer an explanation based on the consumer shopping problem?
Frustration over US pharmaceutical pricing has led researchers to develop frameworks for evaluation that can be used by any purchaser or patient making complex drug choices. One of the most prominent, the Institute for Clinical and Economic Review, uses clinical trial data and compares value -- per quality adjusted life year (QALY) -- under actual market pricing and other possible references prices for specific drugs. Do you think $/QALY is an appropriate metric for evaluating the value of new drugs?
The Tucker family has health insurance coverage that pays 80 percent of out-of-hospital expenses after a deductible of $1,000 per person. If one family member has doctor and prescription medication expenses of $2,200, what amount would the insurance company pay?
In most countries, government policy to eliminate narcotic problem is to catch narcotic producers/sellers, i.e. reducing supply. Why might the policy turn out to make narcotic producers better off (financially)? What should be a better policy to eliminate the narcotic problem?
Read the following article and then answer the questions that follow: Without question, the most important positive action you can take to prevent illness and disease is exercise. Exercise prevents a long list of diseases that can cause chronic or severe illness, disability, and even death, including cancer, heart disease, stroke, high blood pressure, vascular disease, diabetes, obesity, and osteoporosis. Exercise also prevents mental health illness and disease disorders, including depression, anxiety, and stress. While some of these disease processes can be reversed with exercise and healthy life-style, some cannot. Preventing them from starting is the number one goal. The most negative lifestyle behaviour is smoking. Smoking contributes to the development of almost all diseases, notably cancer, heart disease, high blood pressure, high cholesterol, diabetes, and asthma. Smoking has the following negative health effects: lowers immunity, making you more likely to get bronchitis,…