Topic: Economics of Public Policy Essay Paper

Description

choose and answer only one of these questions:

1. Please explain and evaluate the findings reported in the following news
article extract on the outcome of US-China trade war since 2018, using concepts
such as consumer surplus, producer surplus, deadweight loss, and tax incidence
in your discussion.
‘U.S. President Donald Trump famously tweeted that “trade wars are good, and
easy to win” in 2018 as he began to impose tariffs on about $360 billion of
imports from China. Turns out he was wrong on both counts….’
(Source: Extract from article ‘How China Won Trump’s Trade War and Got
Americans to Foot the Bill’, by Bloomberg news on 11 January 2021 at
https://www.bloomberg.com/news/articles/2021-01-11/how-china-won-trumps-good-and-easy-to-win-trade-war).

2. 2. What are the differences between Pigovian and Coasian approaches to

dealing with market externalities? Apply your theoretical discussion to the

pricing of COVID testing devices, vaccines and personal protective equipment.

Type of service : Academic Paper Writing
Type Of Assignment : Essay
Subject : Economics
Pages / words : 11/3025
Number Of Sources : 30
Academic Level : Master’s
Paper Format : Harvard
Line Spacing : Double
Language Style : UK English

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