Identify a particular tax of choosing

Assignment Help Business Economics
Reference no: EM132445138

Identify a particular tax of your choosing. Then, concisely defend your view on whether that tax meets Adam Smith's criteria of a "good tax" and whether it is both efficient and equitable. Give positive reasons based on the microeconomics of product and resource markets, and the inevitable efficiency and equity implications that we have studied for your normative conclusion. Post your chosen tax and your defense in the Discussions area. Read and respond to your fellow students' postings at will.

Reference no: EM132445138

Questions Cloud

Calculate the equilibrium level of output : Assume an economy is represented by the following: C=100+0.5Yd, T=2000, G=2000, I=200
What is the long-run equilibrium market price and quantity : a) What is the long-run equilibrium market price and quantity?
Compute the optimal output of each firm and the price : Compute the optimal output of each firm and the price that each firm should charge.
What is the likely outcome of game : What is the likely outcome of this game? What would be the best outcome? Explain. There used to be more common fields than there are today. Why?
Identify a particular tax of choosing : Identify a particular tax of your choosing. Then, concisely defend your view on whether that tax meets Adam Smith's criteria of a "good tax" and whether
Explain the economic costs of decision : You are asked to develop your own solution to this social issue. You answer in terms of what you think is the socially optimal solution versus the economic
Draw jill budget constraint for gasoline : draw Jill's budget constraint for gasoline and other goods per week. Now suppose that the government implements a policy to ration gasoline at a maximum
Theory of diminishing marginal utility : Write a two page essay (APA paper) which explains the theory of diminishing marginal utility and then lists four explained examples
Popularity of an entertainer and the price : Graph and label as either direct or indirect the relationships you would expect to find between (a) the number of inches of rainfall per month and the sale

Reviews

Write a Review

Business Economics Questions & Answers

  Calculate the present value of net benefits

a. Calculate the present value of net benefits for the project using the analysts' predictions.

  A federal agency is considering expanding national park

A federal agency is considering expanding a national park by adding recreational facilities. the initial cost of the project will be 1.5 milli9n dollars, with an annual upkeep cost of 50, 000$, public benefits have been valued at 300,000 $ per year;l..

  Reliable packaging is a perfectly competitive firm

Reliable packaging is a perfectly competitive firm. Its output is 20,000 units a day; its daily total revenue is $750,000; its average total cost is $37.50; and its average variable cost is $27.50. It is operating at the output level where average to..

  Disadvantages to the us economy-current value

Given the current condition of the US economy, do you think US policy makers would prefer to see the $ rise in value, decline in value or stay at its current value? Discuss the advantages and disadvantages to the US economy at this time of a stronger..

  Research paper based upon a topic related to globalization

Within Unit VIII you are going to submit a Research Paper based upon a topic related to globalization and/or the current global economic crisis.

  Will loan to attend college discharged by bankruptcy court

Lisa and William Leeper filed a Chapter 13 bankruptcy petition. One of the unsecured debts they listed on their bankruptcy petition was an amount owed to the Pennsylvania Higher Education Assistance Authority to attend college under a guaranteed stud..

  Describe what observations and decisions might be made based

Describe what observations and decisions might be made based on comparative labor costs. What countries, based on labor costs alone, might seem best to lower labor costs.

  Relatively elastic-unit elastic and relatively inelastic

Laurie’s demand for x is given by . Which of the following best describes Laurie’s demand for x when the price of x changes if her income is 10 and px = 2? (a) Relatively elastic (b) Unit Elastic (c) Relatively inelastic (d) Perfectly inelastic (e) N..

  Does gross domestic product per capital or genuine progress

In your opinion, does gross domestic product per capital or the Genuine Progress Indicator provide a better measure of economic progress? Discuss why, or why not?

  No major labor union has called strike

Today more workers in the US are members of lavor unions than any time in our history. Today labor unions are weaker than anytime in the last 100 years. No major labor union has called a strike since the 1940s.

  Calculate gain in compensating consumer surplus

James has a utility function given by , where is the amount of product 1 consumed per period and is the amount of product 2 consumed per period. Derive James’ Marshallian demand functions for and , expressed as functions of the prices of goods 1 and ..

  Average total cost incurred by firm is calculated dividing

The average total cost incurred by a firm is calculated by dividing:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd