Do you believe in trickle-down philosophy?
Answer to relevant QuestionsOf what significance is the elasticity of demand for drugs in the debate about legalization of presently illegal substances? Can you think of examples of negative or positive externalities not mentioned in the text? Consider recent changes in the federal personal income tax. What is the effect on income distribution? Do you believe this is fair? Why or why not? Why does the government place excise taxes on goods such as cigarettes and alcohol? Is it because these pro- ducts are “sinful”? (These taxes are often called “sin taxes.”) Do you believe that excise taxes reduce ...Assume that the process of privatization continues successfully in Russia. Would all the problems of Russian industry by solved? What other policies may be necessary?
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