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Need to check my homework. please show each possi...

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Need to check my homework. please show each possible mathematical step. text used is public finance and public policy by Johathan Gruber third edition. #4. The government is considering imposing taxes on the sellers of certain classed of products. The first tax they are considering is a tax on 2% milk. The second tax is a tax on all dairy products. The third tax is on all food products. Which of these three taxes would you expect to have the largest impact on the sticker prices of the taxed products. #5. The city of Johnstown decides to build a new stadium to attract a basketball team from the city of Rosendale. One economic advisor suggests that the stadium should be financed with a 2-year sales tax of 10% while another advisor suggests that the stadium should be financed with a 20 year sales tax of 1%. Assume that the interest rate is zero. Which approach will yield a more efficient outcome? Why?

 

Paper#8845 | Written in 18-Jul-2015

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