Contemporary Economic Issue

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Imagin” rel=”nofollow”>ine that you work as an adviser to a Member of Parliament who has been appoin” rel=”nofollow”>inted to the Standin” rel=”nofollow”>ing Committee on Economics for a forthcomin” rel=”nofollow”>ing Inquiry in” rel=”nofollow”>into a particular
issue. Despite his appoin” rel=”nofollow”>intment to the Standin” rel=”nofollow”>ing Committee, your boss (the Member of Parliament) has never taken a course in” rel=”nofollow”>in economics. He has found a news article which he believes captures the main” rel=”nofollow”>in
poin” rel=”nofollow”>ints that the Inquiry on this issue is likely to raise.

Because your boss knows that you have taken ECON7000, he has given you the article and asked that you provide him with a 1000-word report (or ‘briefin” rel=”nofollow”>ing note’), which:
1. Explain” rel=”nofollow”>ins the economic concepts underlyin” rel=”nofollow”>ing this real-world issue, and
2. Briefly discusses the assumptions of the standard economic analysis of this issue.

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