Prepare a minimum of a 1,100-word paper for the governor’s next economic conference.
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 equilibrium of supply and demand 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 government’s policies 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.
markets_and_the_economics_of_the_public_sector___assessment_activity___week2___eco_365___ecampus
Answer preview to prepare a minimum of a 1,100-word paper for the governor’s next economic conference.
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