• If an excise tax is imposed on a good that has inelastic demand (and relatively elastic supply) will it serve to deter consumption of that good?
• Which party (producer or consumer) will bear a greater tax burden when an excise tax is implemented, how is this determined?
• Excise taxes on cigarettes are well-established policy to offset the externality of second-hand smoke and smoking related illness.Which of the following do you believe has had the biggest impact on preventing smoking:Taxes imposed on cigarettes
• Laws regulating where smoking can occur (smoke free restaurants, campuses, etc.)
• Informational campaigns highlighting smoking risks
• Do you believe that taxes should be imposed on "unhealthy" foods to attempt to curb the obesity problem in America, why or why not?