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4. (20 points) Water sold in small plastic bottles produces waste that contaminates the environment. Suppose the US. government passed strict new laws that levied
4. (20 points) Water sold in small plastic bottles produces waste that contaminates the environment. Suppose the US. government passed strict new laws that levied special taxes on water sold in plastic bottles. One country, Fiji, has a comparative advantage in producing bottled water, much of which is consumed in the US. As a trade economist, what is your perspective on the impact of this law on the US. and g Fiji? Thinking beyond trade issues, what is your economic perspective on the law? Answer this question in a short essay (say, approximately 500 words). Your score will be determined by your thoughtllness and ability to articulate your arguments. You need to do any analysis correctly, but any \"opinions\" you may express do not impact your score
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