The economic principle I researched was:
People generally respond to incentives in predictable ways. Institutions are the “rules of the game” that influence choices.
In recent discussions about e-cigarettes, or juuls, one controversial issue has been should the government allow new tobacco products to be made. On one hand, some citizens believe that the government would be infringing on their rights if it prohibits inventing new tobacco products. On the other hand, some citizens believe that the government has the right to protect its citizens from harm, so the government should band cigarettes altogether. I have found research that can help resolve this issue, and here are my findings.
Modern tobacco products, such as e-cigarettes, are being regulated. Florida lawmakers are trying to ban the sale of e-cigarettes for minors. Not only are states regulating these products, but so are schools. The FDA has also released a greatly detailed list of how tobacco products should be labeled and what determines the tobacco product to be labeled as a tobacco product.
Modern tobacco products, such as e-cigarettes, are being regulated. Florida lawmakers are trying to ban the sale of e-cigarettes for minors. Not only are states regulating these products, but so are schools. The FDA has also released a greatly detailed list of how tobacco products should be labeled and what determines the tobacco product to be labeled as a tobacco product.
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