Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Chicken Tax Listen to the NPT Planet Money podcast linked below before helping me with this assignment. https://www.npr.org/sections/money/2017/01/25/511663527/episode-632-the-chicken-tax Length: 16min 56 seconds Summary: Believe

The Chicken Tax Listen to the NPT Planet Money podcast linked below before helping me with this assignment. https://www.npr.org/sections/money/2017/01/25/511663527/episode-632-the-chicken-tax Length: 16min 56 seconds Summary: Believe it or not, there is a chicken tax and it actually applies to automobiles! Planet Money discusses the value of tariffs, and why the chicken tax is still around. Could you help me w/ these questions? 1. According to the podcast, why and how is chicken the reason American trucks dominate the truck market in the United States? Briefly explain. 2. Name two reasons a party (e.g., a politician or an industry association) may want to impose a tariff? 3. Who are they usually trying to protect? Who would be hurt by a tariff on automobiles? Explain. 4. Describe how competition encourages innovation? In your answer to this question, include a discussion on why American trucks "basically stayed the same" over the years. 5. Describe ways foreign companies tried to get around American-imposed tariffs on automobiles. 6. Do you think the methods you described in your previous answer are efficient for an economy? Why or why not? 7. Lastly, how can a tariff be used as a bargaining chip? In your opinion, is that a good reason to impose tariffs - why or why not

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contemporary Mathematics

Authors: OpenStax

1st Edition

1711470554, 978-1711470559

Students also viewed these Economics questions