1) Should the government build more shelters for the homeless? Where will it get
ID: 1199687 • Letter: 1
Question
1) Should the government build more shelters for the homeless? Where will it get the resources to do so? What are some of the opportunity costs.
2) Markets reward individuals according to their output; communism rewards people according to their needs. How might these different systems affect work effort?
3) How does government intervention affect college admissions? Who would go to college in a completely private (market) system? Note: On average it costs about 26,000$ a year for a University to educate 1 full time student.
4) Given that the estimated cost of President Obama’s Stimulus plan is close to $1 trillion dollars, what is the opportunity cost of the plan?
5) What is the opportunity cost of your favorite activity?
Explanation / Answer
Ans 1-For most city officials, community leaders, and direct service providers, it usually seems that placing homeless persons in shelters is the most inexpensive way to fulfill the basic needs of individuals facing homelessness; some even believe that shelters are an ideal solution.
Studies, however, have revealed something different.
The cost of homelessness could prove to be quite high. Hospitalization, medical treatment, police intervention, and emergency shelter expenses can add up fast, making homelessness surprisingly expensive for municipal authorities and taxpayers.
Research has shown that providing persons facing chronic homelessness with permanent supportive housing saves taxpayers funds. A housing-based approach is not only more cost-effective than a shelter-based approach, but more effective for the long run. By targetting resources on eradicating homelessness, we could make real progress toward erasing the social problem while helping the nation's vulnerable residents.
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