In an FRQ, how should you analyze the economic implications of a government policy, while also explaining its potential impacts on various stakeholders and assessing its overall effectiveness?

When analyzing the economic implications of a government policy in an FRQ, start by clearly explaining what the policy is and its intended goals. Next, consider how the policy affects different groups of people, like consumers, businesses, and workers. For example, if the government raises taxes on cigarettes, it may discourage smoking but could also hurt tobacco farmers. Then, assess the overall effectiveness of the policy by discussing whether it achieves its goals and what unintended consequences might arise. Finally, conclude by summarizing the main points and reflecting on the balance between benefits and drawbacks for the stakeholders involved.