I have a term paper that I have to write for my microeconomics class. Economics is...

I have a term paper that I have to write for my microeconomics class. Economics is super new to me, this is the first class I've ever taken related to it. My subject is the economic impacts of the opioid epidemic. My outline is due next week and I have no idea what to even do research on or which direction to go. Where do I even start?

Expert Solution

economic impacts of the opioid epidemic- the nation wide opioid crisis is devastating and imposing a burden on individuals as well as the state and the entire nation. the health impact of the opioid overdose is making peoples life unproductive and the loss of human capital is secondary impact of it. the economic burdon of it approximately 79 billion $ every year. almost 25% of burdon is funded by state and local government 14% by punlic health insurance and rest by the individual itself. it poses a serious threat to economic growth of a country. to know more about this one should go about the following points.

1) the total population suffering from opioid crisis.

2) the total money burdon of the crisis.

3) the types of loss faced by the individual like loss of productive working years due to opioid.

4) the percentage of the burden to the total gdp of the country.

5) and finally the government initiative or the cost it will impose on government to curbe the crisis.

Rahul Sunny answered 2 years ago

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