6. In 1964 President Lyndon B. Johnson imposed the Chicken Taxa 25 percent tax on all imported...
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6. In 1964 President Lyndon B. Johnson imposed the Chicken Tax—a 25 percent tax on all imported light trucks in retaliation for a tariff placed by Germany on chickens imported from the United States. The light-truck tariff hurt Volkswagen van sales. Were these tariffs good or bad from the following perspectives? (LO10-2)
a. The U.S. government.
b. German consumers of chickens.
c. U.S. chicken producers.
d. U.S. light truck producers.
e. Economists.
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