Question
Watch this 10 min video on Sugar showdown: Vote on SF soda tax draws near AND read thatSF succeeded in implementing the soda tax in
Watch this 10 min video on "Sugar showdown: Vote on SF soda tax draws near" AND read thatSF succeeded in implementing the soda tax in 2016 and used some of the tax revenue collected to address the impact of COVID-19. --> Share 1 takeaway from the video, --> Do you agree with the use of soda tax income for the pandemic? Why or why not?
b) Read this article on "Sugary drink sales in Philadelphia fall 38% after city adopted soda tax, study finds."
--> Explain the impact of the soda tax in Philadelphia based on the tax burden on i) the consumers and ii) the producers as covered in the textbook. c) Explain why the consumption of soda is considered a negative externality in these two scenarios? d) Given what you have learned from parts a) to c), do YOU agree that some government intervention is necessary to help resolve market failure as described in the consumption of soda? Do explain. e) Self-reflection: Would you increase, decrease or have no change in your own soda consumption (if any) after learning about the concepts covered in these Modules?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
a Takeaway from the video One takeaway from the video could be the contentious nature of implementing soda taxes and the significant impact they can h...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started