Assignment Task
Question 1 — Trade Impacts f the Coronavirus Outbreak
Choose a 4-digit industry (according to the Harmonized Commodity Description and Coding System) and use data on this industry to analyse the impact of the coronavirus outbreak on trade flows and welfare for the UK and the US. Hints: Students aiming to get high marks should also discuss (1) how other countries may be affected by the event; (2) the assumptions made in the analysis; (3) how your results are sensitive to the assumed elasticities and (4) the role played by large transnational corporations.
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