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Analysis of current economic problem

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Reference no: EM132229954

Question: Short Papers

1. Paper Length

a. 3-5 pages

2. Analysis of current economic problem

a. Two proposed topics (choose 1) or propose another similar tax/tariff issue

• Trump's proposed tariffs on imported Chinese goods (e.g., steel)

• Seattle City Council's adopted tax on soda (within the city limits)

1. Suggested Outline

a. Problem Statement - what is the "economic problem/issue" that the agent (Trump or the Seattle City Council) is attempting to address/correct?

b. Economic Analysis

• Use a standard demand and supply model to illustrate:

i. What is the "problem" that the agent (Trump of City Council) thinks that the current market creates ..and how would a government intervention in this market "solve" the problem?

ii. Would the proposed solution increase or decrease economic efficiency

iii. Would it correct the problem that Trump/Seattle City Council is attempting to address?

• Critically review the agent's proposed solution/intervention - from an economist's perspective

• Conclusion(s)

Information related to above question is enclosed below:

Attachment:- ShortPapers.rar

Reference no: EM132229954

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