Friday, December 5, 2014

Kiera Ziegler, Chapter 12, Question 2

Trade and tariffs accept my everyday life more then I knew. He uses the example of oranges. In Brazil the conditions are perfect to grow oranges, however the government puts a tariff on them to protect American orange farmers. This makes the price of the orange juices about 30 cents more expensive. Due to this not being a tax on the good we as consumers don't know about this price increase. For me as a consumer I find this frustrating, it causes me to question what others good are more expensive because the government wants to protect industries in the United States. The government isn't forcing them to improve the quality of their products or find cheaper more efficient ways to run their company. This, in the long run, is more detrimental then helpful.

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