User Account

All Pages

What other products should the government tax and why

Assignment Help Macroeconomics
Reference no: EM131503548

Assignment

Price Elasticity of Demand Analysis Essay Questions

Cigarette smoking is widely recognized as the number one cause of cancer in the United States. One method the government can use to reduce cigarette smoking is to tax cigarettes.

Read "Macro-Social Influences: The Effects of Prices and Tobacco-Control Policies on the Demand for Tobacco Products,".

Answer the following essay prompts about the effect of taxation on cigarette smoking. Each answer should be two to three paragraphs each; a paragraph must consist of at least four sentences.

1. Who is likely to be more affected by tax increases on cigarettes: all adults or young adults? Why? Cite elasticity of demand estimates from the article to support you answer.

2. To have the greatest effect on reducing cancer from tobacco use, what other products should the government tax? Why?

3. What is the long-run elasticity of demand for cigarette smoking? What does this mean for the likely impact of taxes on long-term cigarette use? Why?

APA format is not required, but solid academic writing is expected.

Reference no: EM131503548

Questions Cloud

Evaluate and measure the resultant resource planning : BSB61015 Advanced Resource Management Written Assessment. What model you will use to evaluate and measure the resultant resource planning
Calculate and compare the monthly payment for each : Candice and Zack are planning to purchase a condo. Calculate and compare the monthly payment for each.
What file sharing protocol : What file sharing protocol do you recommend and why?
Cash back on their oversize : Behemoth Motors is offering 0% financing for 60 months, or $4,620 cash back on their oversize SUV known as the Canyonero.
What other products should the government tax and why : To have the greatest effect on reducing cancer from tobacco use, what other products should the government tax? Why?
New system for a local real estate agency : Assume that you are developing a new system for a local real estate agency. The agency wants to keep a database of its own property listings.
Identify the type of study proposed : Identify the type of study proposed.Indicate the specific strengths and weaknesses of the study.State the most likely source of bias in the study.
Ability of behavioral investing to enhance performance : What does the early evidence on the ability of behavioral Investing to enhance performance tell us? Please cite recent academic literature.
Discuss importance of market for foreign-currency exchange : Discuss the importance of the market for loanable funds and the market for foreign-currency exchange to the achievement of the strategic plan.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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