Unit 1: Economics and Globalization

Lesson 2b: The Economic Role of Government and Government Finance

Something Interesting - Why are we studying this?

 

Skim the news articles below about raising taxes on gasoline and putting taxes on soda and junk food. After studying this lesson you should understand why many people support these taxes.

Why might gasoline prices be too low?
http://www.npr.org/templates/story/story.php?storyId=4858826

Why are several cities and states considering a tax on sodas?

http://www.stltoday.com/news/local/illinois/buying-soft-drinks-in-illinois-would-cost-more-under-tax/article_5eccc299-6c48-5b44-9643-95bce5365dee.html

http://www.sfgate.com/bayarea/article/Tax-on-soda-to-be-floated-in-San-Francisco-4932025.php

Why did Mexico tax junk food and soda?
http://www.politico.com/story/2014/01/mexico-soda-tax-101645

 

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Lesson 2b