Respond to the Issues of Cookbooks Taxation

Mar 6th, 2014
FratBro23
Category:
Other
Price: $60 USD

Question description

1000-1500 words

Part I

The government decides to tax cookbooks because they feel that they encourage overeating and can lead to health issues, such as obesity and heart disease. Answer the following:

  • What type of tax is this? Explain.
  • What happens to the supply of cookbooks?
  • Who pays the tax at the end?
  • Is this a good way to finance programs to improve health?
  • What other types of tax can the government use to increase revenues?

Part II

Justcookbooks.com becomes wildly successful in the United States, and you decide to export overseas. Answer the following:

  • Does this reflect an absolute or a comparative advantage?
  • Name some issues that you will encounter as you become a multinational corporation.

Part III

In the article entitled "The Economic Effects of Labor Unions Revisited," Vedder and Galloway attempt to prove statistically, using historical data, that labor unions do not have a good effect on the economy. Read the article, and explain the following microeconomic concepts that the authors discuss and how they are related to unions:

  • Demand, supply, and equilibrium wage rates of labor
  • Unemployment
  • Real GDP and economic growth
  • Income per capita
  • Population growth and aging
  • The article focuses on harmful economic effects, but also mentions some positive aspects. What are they?

Tutor Answer

(Top Tutor) Daniel C.
(997)
School: New York University
PREMIUM TUTOR

Studypool has helped 1,244,100 students

8 Reviews


Summary
Quality
Communication
On Time
Value
ddg82
Dec 9th, 2016
" Thanks, good work "
tinytim47
Nov 25th, 2016
" Wow this is really good.... didn't expect it. Sweet!!!! "
kenmwao2
Nov 24th, 2016
" Solid work, thanks. "
jestin7
Nov 16th, 2016
" This tutor is great! "
lilmoe415
Nov 3rd, 2016
" Thank you, Thank you, for top quality work, this is your guy!! "
dontuwannaknow
Oct 11th, 2016
" Excellent work as always thanks so much "
thargrow
Oct 2nd, 2016
" Very Satisfied. "
SjSurvivor143
Sep 28th, 2016
" Thanks for the help. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1820 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors