you will find the Questions in the book, Question 6 chapter 11 and Question 1 chapter 29

Question 6 chapter 11. Some observers have proposed higher income and wealth taxes on the wealthy. Given that one’s wealth generally depends primarily on how much output one produces, how do these taxes affect the incentives of people who are the most productive? Assume that the proceeds from the taxes are given out to the poor. How does this affect the to the total income and wealth of society as a result of higher taxes such as these? ir incentives? Overall, what do you predict will happen?

Question 1 chapter 29. Assume you are going to take a trip to Paris. You buy euros at your local bank or at the airport. Then you start spending them once are in Paris. Every time you buy something there, you explicitly or ou implicitly translate the euro price into dollars. Often, you might sav to yourself, “How do Parisians afford such high prices?” What is wrong with this line of reasoning? (Hint: In what currency do Pari- sians earn their income?)

you can respond with a minimum of 150 words if you like

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Questions

Q6. In the case where the taxes from the wealthy are given to the poor, the output value of the poor will rise with minimal investment. This will discourage investment as the poor are entitled to a direct income based on their economic status. The result will be a decrease in the number of the rich and an increase in the number of poor persons.

(306 words)