Question:

Economic questions please help?

by  |  earlier

0 LIKES UnLike

Question 1

Is the income distribution in the United States fair? Why or why not?

Question 2

Provide a real-world example of a product (a good or service) that has either an external cost or external benefit associated with it and propose a government policy to adjust for the over- or underproduction of this product.

Question 3

Do a google search on the concept of a flat tax. Explain how this tax scheme works and does it meet the criteria of tax efficiency and tax fairness/equity?

 Tags:

   Report

1 ANSWERS


  1. Provide a real-world example of a product (a good or service) that has either an external cost or external benefit associated with it and propose a government policy to adjust for the over- or underproduction of this product.

    Products with external benefits: education, vaccinations against disease, public parks, recycling etc. Whenever there is positive externality there is under production. SUBSIDISING the production of the good or service is an option.

    Products with extenal cost: pollution by a factory, pollution emitted by cars etc...over production...tax them!

Question Stats

Latest activity: earlier.
This question has 1 answers.

BECOME A GUIDE

Share your knowledge and help people by answering questions.