Question
Junk Food Tax Watch the following PBS NewsHour story on Mexico's implementation of tax on sugary drinks and high calorie snack foods: https://www.youtube.com/watch?v=BJrq3b6rp_8 https://rsccd.instructure.com/courses/81813/files/13206272/download?wrap=1 1)
Junk Food Tax
Watch the following PBS NewsHour story on Mexico's implementation of tax on sugary drinks and high calorie snack foods:
https://www.youtube.com/watch?v=BJrq3b6rp_8
https://rsccd.instructure.com/courses/81813/files/13206272/download?wrap=1
1) What type of price elasticity of demand is the Mexican Government assuming soda and snack foods have?
2) Based on your answer in #1, is the tax raising revenue for the Mexican Government or is it changing people's eating habits?
3) Taxation on junk food alone might not be enough to fight obesity. What types of other issues that the Mexican Government must consider in fighting obesity?
4) The freedom to choose is probably one of the most important human inalienable rights . In your opinion, should a government intervene in the form of taxation to tell you what you can and cannot consume?
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