Critical Thinking Questions -What Are the Implications of the Supreme Court Decision in Failing

question 4

Essay

Critical Thinking Questions
$\begin{array}{|l|l|l|l|l|}\hline \text { RATING } &\text { Failing }&\text { Below Average } &\text { Competent }&\text { Advanced/ }\\&&&&\text { Sophisticated }\\\hline \text { Criteria } &\text { Answer doesnot }&\text { Answer fails to }&\text { Answer provides }&\text { Answer clearly }\\\text { for }&\text { provide an }&\text { provide examples }& \text { an argument with } &\text { provide an }\\\text { evaluation. }&\text { argument for or }&\text { to support an }&\text { one or two }&\text { argument with two }\\&\begin{array}{l}\text { against. Answer } \\\text { contains }\end{array} & \begin{array}{l}\text { argument for or } \\\text { against. Writing }\end{array} & \begin{array}{l}\text { examples that } \\\text { support it. Writing }\end{array} & \begin{array}{l}\text { excellent } \\\text { examples that }\end{array}\\&\text { inaccuracies. } & \text { is poor and } & \text { is acceptable for }& \text { support it; student } \\&\text { Writing is poor } &\text { grammatical }& \text { the college level } &\text { makes the argument }\\&\text { and contains } & \text { errors are } & \text { but may contain } &\text { clearly and }\\&\text { numerous } & \text { common. Answer } & \text { one or two }&\text { eloquently. Answer }\\&\begin{array}{l}\text { grammatical } \\\text { mistakes and }\end{array} & \begin{array}{l}\text { is somewhat } \\\text { incoherent. }\end{array} &\begin{array}{l}\text { grammatical } \\\text { mistakes and }\end{array} & \begin{array}{l}\text { is well organized } \\\text { and free of }\end{array}\\&\text { misspellings. }&&\text { misspellings. }&\text { grammatical errors }\\&&&&\text { and misspellings. }\\\hline \text { POINT } \\\text { VALUE }&0&1&2&3\\\hline\end{array}$

-What are the implications of the Supreme Court decision in Burwell v. Hobby?

Understand the concept of tax incidence and factors determining the burden distribution between consumers and producers.

Grasp the elasticity concept and its impact on the tax incidence.

Comprehend the principles behind different tax structures (progressive, regressive, and proportional) and their implications on equity and efficiency.

Interpret how taxes influence market outcomes, including deadweight loss and changes to consumer and producer surplus.

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Definitions:

Dissociative Identity

A mental disorder characterized by the presence of two or more distinct personality states within a single individual.

Separate Entities

Distinct and individual units or beings that are not connected to each other.

Hypnotizes

Induces a trance-like state in which a person becomes more open to suggestion, typically used for therapeutic purposes.

Dissociative Identity Disorder

A psychiatric disorder characterized by the presence of two or more distinct personality states that control a person's behavior at different times.