Must be typed and can be detected by D2L original checking work (M S Word, WordPerfect, PostScript, Acrobat PDF, HTM L, RTF and Plain text).
It is a relatively open question without key. No word limit. Be sure to make it clear, logical and understandable to your friend.
You friend (has no knowledge of economics) just told you that she learned the Congress adopted a luxury tax on yachts in 1990, the goal of which was to raise revenues from the rich who would buy yachts.
However, she saw yacht bui !ding firms failed and their unemployed workers protested vigorously. She felt puzzled and wanted to turn for your help.
Using the tax incidence knowledge covered in our class, write a letter to your friend to explain what happened to yacht buyers and seller in plain English.
Any graphs you'd include MUST be graphed by hand and scanned (NOT A CAM PIC). it should be a word document.