Dear sir or madam,I hope you are well and are having a great day.This is my first time using this service so im not sure what to expect so please help me.Here is the 2 questions below1. Using two appropriate hand-drawn diagrams, explain and discuss the functioning of a“traditional” tax (e.g. a specific sales tax) and a corrective tax (e.g. a Pigouvian tax).Carefully compare the two types of taxes in terms of their impact on societal welfare.2. Provide a real-world example of the success (or lack thereof) of Pigouvian taxes. Userelevant data and data illustrations to support your discussion.

Dear sir or madam,I hope you are well and are having a great day.This is my first time using this service so im not sure what to expect so please help me.Here is the 2 questions below1. Using two appropriate hand-drawn diagrams, explain and discuss the functioning of a“traditional” tax (e.g. a specific sales tax) and a corrective tax (e.g. a Pigouvian tax).Carefully compare the two types of taxes in terms of their impact on societal welfare.2. Provide a real-world example of the success (or lack thereof) of Pigouvian taxes. Userelevant data and data illustrations to support your discussion.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter16: Government Spends, Collects, And Owes

Section16.4: Taxation

Problem 2R

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