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You can access the World Bank’s World Development Indicators database online to download income share data for various countries, and construct Lorenz curves. Choose two countries you are interested in and construct their Lorenz curves on the same graph. Note that the WDI database does not have data for all countries, or for the most recent years. Also, the database provides income shares for the top and bottom 10 percent, in addition to each quintile—include the data points for the top and bottom 10 percent in your graph. Which one of your two countries seems to have a more unequal distribution of income?

 
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For each of the taxes below, indicate whether you think the tax burden will be borne primarily by consumers or producers. Also, how successful do you think each tax will be in raising revenues?

a. A city tax on the use of paper bags in supermarkets. Consumers have the option of asking for plastic bags or bringing their own bags.

b. An increase in the national gasoline tax.

c. A tax on paper copies of textbooks when online versions of the books are available. Discuss why students’ preferences (i.e., whether they are willing to use online texts) are important in determining the effect of the tax.

 
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Suppose that gasoline is not currently taxed in the country of Autopia, and the price of gasoline is $3.00 a gallon. In order to alleviate problems with air pollution and traffic, the government of Autopia decides to institute a $0.50 a gallon tax on gasoline. After the tax, the price of gasoline rises to $3.45 a gallon.

a. Assuming no other significant changes in the gasoline market, what can we conclude about the elasticity of demand for gasoline in Autopia?

b. Draw a supply-and-demand graph illustrating the effects of the gasoline tax. Assume that the supply of gasoline is not particularly elastic or inelastic.

c. Who has borne most of the burden of this tax, consumers or producers?

d. Do you think that the tax will be effective in reducing Autopia’s problems with air pollution and traffic? Why or why not? Support your answer with reference to your graph.

 

 
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Ali Swelem is aiming to work at Arab bank, and he prepared to submit an unsolicited application letter to the Arab Bank HRM manager “Suzan Shami”. However, he was in a rush while writing resulting in poorly written letter reflecting a lack of business etiquette. You are required re write Ali’s cover letter in a professional and etiquette manner. H Suzan I have wanted tojain Arab Bank to work as an accountant froman early age as you are a big prestigious employer that a lots of people want to work for and you because you offer high salaries. I have always dreamed to work in another country and since you are a global bank make me be able to ask to work at any of your branches abroad as a Chief Finance Officer/CFO. I consider myself of value to your bank because my qualifications are superior and with your help I will gain more and more skills and experience that will improve my social life. Hoping to hear from you shorty. See you soon Ali
 
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