Partial equilibrium analysis of an import tariff on trade between the

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Due date: 06/28/2020 at 11:59pm. Late submissions will receive zero credits. 1. Enter your name in the header. This is your signature. It also means that you agree with the guidelines and policies. 2. The case study must be 2-single space pages without including the references. Failure to meet this requirement will result in zero credits. It is 40 points; please see the syllabus on D2L. 3. Quotations are not allowed. Using quotations will result in zero credits. 4. Footnotes are not allowed. Using footnotes will result in zero credits. 5. Submit your case study through the “Drop Box” on D2L. Please follow the instructions: click on assessments, then on assignments, then on case study, then on add file, then on my computer, then on upload, then choose your file, then on open, then on add, then on submit, and then on done. 6. You must submit a word document. 7. Turntinin will check the originality of your submission. Turnitin will give you an originality score of your submission. If there is plagiarism in your case study, it will be penalized with zero credits. 8. If I cannot open your file due to a different computer operating system, your submission will receive zero credits. If you have a computer that uses a Mac operating system, make sure your file can be open with a computer that uses Microsoft Windows. The student is responsible for submitting a file that can be managed with Microsoft operating system. 9. One submission will be only accepted. 10. Do not use and cite Wikipedia. 11. Follow the Chicago Manual of Style for citations and references. You may find it at Chicago manual. 12. Use your “name” followed by “casestudy” as the file name of your assignment (e.g., name_casestudy). If you do not do it, a 10% penalty will be assessed to your submission. 13. If you have questions about the case study, I would be pleased to help you. Case Study topic 1. Partial equilibrium analysis of an import tariff on trade between the United States and China. 1.1. Choose an agricultural commodity or a product that has been traded between the United States and China. You can find information on U.S. agricultural trade at FATUS. The table “U.S. trade with top trading partners, by calendar year” shows U.S. trade data with China and other countries. FATUS also has publications that may have additional information on the commodity that you can use in your case study. 1.2. Review section 8.2 and Figure 8.1 in chapter 8 and Figure 4.1 in chapter 4. Then, draw a three-graph figure similar to Figure 4.1 to explain the effects of an import tariff. Use the graph below. 1.3. Do a welfare analysis of the tariff for the importer country. Explain the effects of the tariff on consumer surplus, producer surplus, the government, and the country. 1.4. Do a welfare analysis of the tariff for the exporter country. Explain the effects of the tariff on consumer surplus, producer surplus, the government, and the country. 1.5. Explains the effects of the tariff in the world market. 1.6. Assume that the United States and China are large countries. 1.7. Make sure you identify the exporter country and the importer country in your graph. 1.8. You must submit a Word document. Case Study structure 1. Title: Partial equilibrium effects of a U.S. tariff on imports from China: A case of – Commodity Name Here—. Or, Title: Partial equilibrium effects of a Chinese tariff on imports from the United States: A case of – Commodity Name Here—. You can do a case for the United States or a case for China. 2. Introduction: One paragraph that shows a brief description of the importance of the agricultural commodity or product and introduces the issue discussed in the case study. 3. The partial equilibrium analysis graph. 4. Discuss the effects of the tariff in the importer country. 5. Discuss the effects of the tariff in the exporter country. 6. Discuss the effects of the tariff in the world market. 7. Conclusions 8. References. Follow the Chicago Manual of Style for citations and references. You may find it at Chicago manual. 9. Font: Times New Roman, 12 points. 10. Page margins: one inch. 11. Read the case studies that are in chapter 8 of the textbook. This can give you some ideas on how to organize your case study. 12. You can include tables and charts in an appendix. 13. If you feel like you need to add more information, you are free to do it given that you document your sources. Figure 1 Effects of a USA tariff on Chinese exports of Q to the USA

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