The objective of the term paper is to analyze a public policy issue based on the public economics literature. To prepare your paper, you must explore the relevant literature, define your position/views on the issue, and defend your position based on theoretical principles and/or empirical evidence from the literature. The position and views that you will choose to adopt and defend will not affect the evaluation of your work. However, it is important that you provide a solid justification for your position based on principles and/or evidence from the literature. Plagiarism is not accepted.