please show your work

PART II: Short Answer Questions. Write whether the following claims are true or false. Elaborate your reasons. [maximum ve sentences] 1. A rational individual will always decrease hours of work after an income tax. (T rue or False? Explain) 2. AUB's student election had a high turnout 62.3% in 2018. That means majority of AUB students are NOT rationally ignorant. (T rue or False? Explain) 3. Explain the two types of costs involved in any voting. Using these costs, compare two different voting rules: Plurality vs. Point-Count. PART III: Essay Questions. Write short essays for the following question. Your essay should be precise and clear, not more than two paragraphs. Use your general social scientic knowledge of the topic besides what you have learned in this course. Write like an Economist! 1. Suppose Government of Lebanon seeks to introduce a complete ban on drinking alcohol. (for example on the basis that alcohol has adverse health effects) Assume that the objective in implementing this policy is to reduce alcohol consumption at a reasonable cost. What do you anticipate the primary costs of the policy would be? How successful would you anticipate the policy to be, and why? 2. One common trend in taxation policy was recently attracting attentions of policy makers in Europe. That is the special taxation for professional football players in major leagues. Kleven et al. (2010) shows some interesting evidence about professional footballers in the UK and their response to higher special tax rates on their income. How do you think they would be responding to that? Justify your statements using the material we studies. PART I: Calculation Questions. Show all details of your math work. [While handwritten/ scanned are accepted, you are encouraged to submit typed up answers.] (1) Jared has a demand for good X that has the following form: (2,, = 100 2px + I\