A few years ago, the Utah State Legislature taxed margarine…

A few years ago, the Utah State Legislature taxed margarine production (margarine is not produced by farmers), but not butter production (farmers produce butter). Whatever the legislators’ public rationale for the tax, your best analysis suggests that it will have the effect of ________.

Banks take on risks when they make loans. Some loans are ris…

Banks take on risks when they make loans. Some loans are riskier than others. That is, some borrowers are more likely to repay their loans than are other borrowers. Suppose that riskier loans have higher expected payments to the bank (if the riskier borrowers do repay, they repay more than the less risky borrowers do). If the risks undertaken by large banks in the US are not borne solely by owners of the banks (they’re “too big to fail”) and the government bails out these banks whenever they get in financial trouble because of bad loans, from society’s perspective, ________.

Instructions:1. Honourlock Proctoring Tool will be used in t…

Instructions:1. Honourlock Proctoring Tool will be used in this assessment, so ensure you have it installed on your machine.2. Make sure you have the Google Chrome Browser; if not, ask the lab assistant for assistance immediately.3. Please access the assessment via the Blackboard Module Course; all other windows should be closed.4. The assessment is for 1 Hour 20 minutes and an extra 15 minutes for setup, in total, 135 minutes5. Backtracking is not prohibited, meaning you can go back to the previous questions.6. Answer all questions, following the instructions in each question7. YOU ARE WARNED: DO NOT COPY (online sources, notes, extra devices or otherwise); if the system catches you copying, the University will bring you to disciplinary.8. Report any challenges you encounter during the assessment to Mrs Ndobe and other assisting colleagues at the venue, including the E-Learning standby person(s). 9. You will have one attempt to complete the Test; therefore, submit only when you are done and be mindful of the given time.