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Mailing cash is risky because the letter might become lost, stolen or damaged, says the U.S

SAFEGUARDING PUBLIC HEALTH Tax Stamps and Banderols provide consumers with assurance regarding the authenticity and quality of the products they purchase, thereby safeguarding public health and safety

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[10 marks] Define tax: indirect tax is a tax levied on goods and services, it is levied on producers who then pass on to consumers in terms of higher prices Define PED: PED refers to the degree of responsiveness of quantity demanded to a given change in price of the product Ability of market forces of demand and supply to achieve allocative inefficiency, ie welfare not maximised (DWL exists) and there is requirement of government intervention

In the 1920s, Bernays worked with the American Tobacco Company to address a problem: Because it was considered so unseemly for women to smoke that they were prohibited from doing so in public, cigarette manufacturers were losing the prospective business of half the population