Term Paper-Explain why equilibrium of supply and demand is desirable.
Imagine you have been assigned the responsibility of preparing a paper for the governor’s next economic conference.
Explain why equilibrium of supply and demand is desirable.
Costs of taxation
Benefits of international trade
Discuss how externalities may prevent market equilibrium and the various governments 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.