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The coronavirus pandemic shocked our economy fundamentally and it affects lives around us. Governor Cuomo talked...

The coronavirus pandemic shocked our economy fundamentally and it affects lives around us. Governor Cuomo talked about the shortage of facemasks in his daily briefs. Please provide some policy suggestions to Governor Cuomo on resolving this issue in the short run, USING the knowledge you learned in Econ 360 for your arguments (hint: do not wander into the domain of medical ethics).

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Expert Solution

If there is shortage of facemasks in this pendamic situation then it is a very serious issue and the governor should take the policy measures to fight this issue in the short run and in long run.

The policy measures which I may suggest to fight this issue in short run is,

  • the first thing the government should try to ensure that the facemasks should be provided firstly to those people who are in really need of it and are highly vulnerable to this pendamic like doctors and other healthworkers, police and other who are in context with many people.
  • The second thing is to ensure the maintaining of price level to actual level as we are aware of the law of demand.
  • Third thing is that they should try to increase the production of face mask in short period of time which they can do by using their stock or raw materials and also taking overtime from existing workers or even engaging less experienced workers.

Rahul Sunny answered 6 months ago
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