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Your local city is trying to attract a new NASCAR race track. As part of the package of incentives for luring the facility's builders, the city is offering an economic subsidy of $500,000 to help build the track. You are writing a letter to the editor of your local paper either supporting or criticizing the proposed $500,000 subsidy. In your letter, address the following questions:

* What is a subsidy?
* Identify the economic winners and losers of the $500,000 subsidy.
* Explain what your city will have to give up because of the subsidy. What will it gain?
* Conclude your letter by expressing your point of view.

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? What is a subsidy?
* Identify the economic winners and losers of the $500,000 subsidy.
* Explain what your city will have to give up because of the subsidy. What will it gain?
* Conclude your letter by expressing your point of view.

The Editor,
The Daily Express News,
67, Palm Avenue,
OK, 67819

Sir,

This is in response to your article relating to the proposed subsidy ...

Solution provided by:
Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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