International Economic Policy questions
Please pick 2 questions to answer. All answers should be expressed using complete sentences with no direct quotes. Paraphrase all sources instead. Please use both in-text citations and a works cited page for all of the sources you use to support your answers (including the textbook). Finally, all of you answers must be your own—no collaboration with other students is allowed.
1. What is the economic impact of foreign-born workers in the US?
To begin your answer, summarize the debate between George Borjas and David Card as described in the NY Times article. Be sure to a use two supply and demand graphs (one for the labor market and one for the product market) in your summary and provide definitions for two concepts from the course (underline each concept that you define in your answer). Finally, find a second source in the popular press, trade journal, or published by a think tank that is written by a different professional economist on this topic. Make sure the article is making normative claims. Compare and contrast that opinion with the original NY Times article. Provide a complete citation for the opinion article.
2. Are tariffs a problem or a solution for the United States economy?
In your answer, find a news source that describes a recent tariff enacted or proposed by either the Trump or Biden administration and provide an overview of trade for the U.S. including major trading partners and overall trends in trade flows. Use the sources provided for the class on Blackboard as a starting point. In addition, find two opinion articles on US trade policy with one written by a professional economist on this topic with both making normative claims. Compare and contrast the two articles and provide a complete citation for all articles used in your answer. In your summary, be sure to state and define two economic terms that you used and explain the graphical representation of a tariff in a competitive market (underline each concept that you defined in your answer)