Cigarette taxes – rationale & effectiven

Question: “Smoking is one of the leading causes of preventable death globally. In the United States about 500,000 deaths per year are attributed to smoking-related diseases and a recent study estimated that as much as 1/3 of China’s male population will have significantly shortened life-spans due to smoking. Many governments are trying to deter people from smoking in many different ways including levying heavy cigarette taxes. Use Microeconomics theories to analysis the rationale behind this policy and evaluate the effectiveness of the cigarette taxes.” My points: Extensive explanation Include diagrams or insert pictures/ figures with explanations Don’t just focus on China Excellent evaluation

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