1. Obesity is perceived to be a national health problem in the United States. One suggestion to deal with this problem is a “fat tax.” The idea is to levy a tax on foods containing more than a government-prescribed percentage of the daily minimal fat intake. Is such a tax consistent with a mechanistic view of government? Explain.
2. Explain the following concepts: demand schedule, demand curve, supply schedule, supply curve. Then, list the determinants of demand and explain how a change in each determinant affects the demand curve. Do the same for the supply.
3. Define the concepts of utility, indifference curve, and budget constraint. Discuss how these concepts relate to consumer choice.

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1 The taxation policy to levy fat tax is not consistent with a mechanistic view of government The mechanistic view stipulates that a government is created by people to better their individual goals On... View the full answer