Answered

Do you think the government should put a tax on foreign oil coming in (being
imported), so the oil companies in the U.S will be forced to make oil more efficiently
and cheaper in the U.S? Remember, if this happens, in the short term, gas prices will
skyrocket very high at the gas pumps for U.S citizens. Or, do you have another
solution you can think of?



Answer :

GinnyAnswer

Final answer:

Imposing a tax on foreign oil imports could spur domestic oil companies to improve efficiency but may raise gas prices in the short term. Exploring alternative energy sources and boosting domestic oil production are viable solutions as well.


Explanation:

Should the government put a tax on foreign oil imports?

The government imposing a tax on foreign oil imports can incentivize U.S. oil companies to enhance efficiency and reduce costs domestically. However, this may lead to short-term skyrocketing gas prices for U.S. citizens. Alternative solutions like promoting alternative energy sources or investing in domestic oil production could also address the issue.


Learn more about Oil imports and taxation here:

https://brainly.com/question/34184030


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