Please see attached word document for assignment and enter answers on that document.
Paper Title Goes Here
2
Everything in blue should be deleted
Paper Title Goes Here
Write your introduction here. Write a brief paragraph that introduces the reader to your topic and it should explain what your paper will be discussing. Much of your introduction may be taken from the assignment itself (in your own words).
Write 1800-2500 words (word count does not include the section headings below)
Part III
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?
Explain
What happens to the equilibrium price?
Explain
Who pays the tax at the end?
Explain
Is this a good way to finance programs to improve health?
Explain
What other types of tax can the government use to increase revenues?
Explain
Part IV
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?
Explain
Name 4 issues that you will encounter as you become a multinational corporation.
1:
2:
3:
4:
What happens to your marginal utility as you buy your third luxury automobile? Why?
Explain
Part V
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
Explain how related to Unions
Unemployment
Explain how related to Unions
Deadweight welfare loss
Explain how related to Unions
Elasticity
Explain how related to Unions
Real GDP and Economic Growth
Explain how related to Unions
Income Per Capita
Explain how related to Unions
Population Growth and Aging
Explain how related to Unions
Marginal Costs, Marginal Revenues, and Profits
Explain how related to Unions
Negative and Positive Economic Effects
The article focuses on harmful economic effects, but also mentions some positive aspects. What are they?
Do Moral Hazard Apply to Unions?
Why or why not?
Conclusion
Provide a summary of what was discussed in this paper. Include any summary remarks and observations.
References
List your reference here. The reference page must include all of the references you used, listed in proper APA format. Refer to the Citations post in files area.