fund of microeconomics

From the historic information presented in the video, discuss whether you believe that
the excise tax placed on whiskey to pay for the national debt incurred during the
U.S. Revolutionary War can be justified by the benefits principle or if some other
explanation seems more appropriate. In addressing this question, be sure to define
what is meant by the benefits principle.
Based on the economics of tax incidence, discuss how the intensity of protest over
imposition of the excise tax on whiskey to pay for the national debt incurred during
the U.S. Revolutionary War may be related to the supply and demand elasticities of
whiskey during the late 1700’s. Assume that the demand for whiskey was elastic during
the late 1700’s and that the supply of whiskey produced in the frontier regions of the
country was inelastic during this time period.
video to watch : .
Module 14 presents the economic analysis of excise taxes and discuss various issues surround-
ing excise taxes. Two issues discussed are the incidence of taxes, i.e. who really bears the
cost of taxes, and principles of tax fairness including the benefits principle.
1. From the historic information presented in the video, discuss whether you believe that
the excise tax placed on whiskey to pay for the national debt incurred during the
U.S. Revolutionary War can be justified by the benefits principle or if some other
explanation seems more appropriate. In addressing this question, be sure to define
what is meant by the benefits principle.
2. Based on the economics of tax incidence, discuss how the intensity of protest over
imposition of the excise tax on whiskey to pay for the national debt incurred during
the U.S. Revolutionary War may be related to the supply and demand elasticities of
whiskey during the late 1700’s. Assume that the demand for whiskey was elastic during
the late 1700’s and that the supply of whiskey produced in the frontier regions of the
country was inelastic during this time period.
Grading Rubric
Please include your name, instructor’s name (PRof.Navelski), course and section number
(EconS 101) and writing assignment (Assignment 2) on the top of your assignment.
Your essay will be assessed as either ‘Meets expectations’ or ‘Needs improvement’ on each of
the criteria in the table below. If your essay needs improvement, you will be given feedback
from NetTutor to help you revise it. You have one week from the time you receive
your feedback to revise and re-submit the essay to NetTutor for another try —
but you only get one second chance. You’ll need to accumulate three acceptable writing
assignments to fulfill the writing portion of the course requirements.
Video to watch: https://www.youtube.com/watch?v=hX9gKS7uMZY