Question
The Newfoundland Government has advised in their most recent budget that they are going to impose a 20% tax on sugary beverages. Please answer the
The Newfoundland Government has advised in their most recent budget that they are going to impose a 20% tax on sugary beverages.
Please answer the following questions in sentence/paragraph form with both the answer and the explanation.
a) whether this tax is going to be progressive, regressive, or proportional. (2 Marks)
b) why the government of Newfoundland implemented the tax with respect to Welfare Economics. (2 Marks)
c) if there is an alternative tool that could be used to achieve the same results and how that tool would be implemented. (2 Marks)
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