What does the author mean by a consumption tax


Problem

I. What does the author mean by a "consumption tax"?

II. The author writes " Whenever you go out for a drive, you are to some degree committing an antisocial act." What does he mean by this? And what does this have to do with market failures?

III. Does the author describe smoking as an individual or a public problem? Why do you agree or disagree with his assertion?

Article: "Can a Soda Tax Save Us From Ourselves?" By N. Gregory Mankiw.

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