Prepare a minimum of a 1,100-word paper for the governor’s next economic conference. Your paper should address the following

Prepare a minimum of a 1,100-word paper for the governor’s next economic conference. Your paper should address the following in separate sections with appropriate headings:

Explain why is desirable.

Explain the following concepts using the concept of consumer and producer surplus:

Efficiency of markets

Costs of taxation

Benefits of international trade

Discuss how externalities may prevent market equilibrium and the various used to remedy the inefficiencies in markets caused by externalities.

Analyze the difference between the efficiency of a tax system and the equity of a tax system as it refers to the costs imposed on taxpayers using the benefits principles.

…………………….Answwr preview……………………………….

In the United States of America, most goods and services are controlled or somewhat partly controlled by the government which has a mixed economy. Heavy taxation is administered to some commodities to discourage the customers from consuming them. The state offers subsidies to some sectors such as the agricultural producers, oil companies, financial companies and utility firms. Certain types of goods cannot be legally produced or rather be purchased by the private individuals such as cocaine……………………………

APA

1409 words

Get instant access to the full solution from  by clicking the purchase button below

Added to cart