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The government decides to tax cookbooks because they feel that they encourage overeating and can lead to health issues, such as obesity and heart disease. Answer the following:· What type of tax is this? Explain.· What happens to the supply of cookbooks?· What happens to the equilibrium price?· Who pays the tax at the end?· Is this a good way to finance programs to improve health?· What other types of tax can the government use to increase revenues?
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Based on discussions surrounding the controversy over the value of the Chinese yuan in foreign currency markets, is China still using central bank foreign exchange policy to m
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