Write an essay on one of the 3 topics below in 200-300 words.
Provide an introduction and a clear thesis statement that presents your stance. Support your position and substantiate your arguments with examples or references and economic reasoning. Be sure to be concise and address counter arguments to your claim. Summarize your argument with concluding statements. A minimum of three sources (best case) should be referenced using APA 7 style. Write your essay in Word or Libre Office, Times New Roman 12 pt font with 1.5 line-spacing, and upload your work in word or pdf format. Late submissions will not be accepted.
Essay Topic :
A government is considering protecting its domestic industry by either momentarily imposing tariffs on imported goods produced by that industry or by allowing a monopoly in that industry. It is also concerned by the consumers’ well being.
How could the tariffs affect the well being of domestic consumers versus a monopoly?
Discuss the incentives to develop and become competitive for the industry in either scenario.
Which policy is better in terms of total surplus if we are considering a small economy? A big economy?
You will be graded based on the following criteria and rubric below:
The introduction clearly introduces the topic and the key ideas;
Thesis statement clearly expresses stance;
Stance is consistently supported throughout the essay;
Arguments are supported through examples or references;
References are acknowledged based on APA style;
There is a logical flow and cohesive progression of ideas in the essay
The essay reads coherently;
A range of sentence structures and vocabulary is used;
Conclusion is consistent with stance and arguments;
Spelling, grammar, and punctuation are accurate.