By the end of 2020 and early 2021, the Indian government had declared their victory against the COVID 19 virus. The announcement was timely made for India's 2021 election. During 2020-2021, India had agreed to export 8.5 million vaccines under their diplomatic agreements and a total of 51.3 million vaccines under business agreements with other countries. While these diplomatic relationships continue, India is now facing their second wave of COVID 19 that has raked up numbers to thousands of people in a single day. The 2nd wave had surged faster due to India's political parties holding rallies and campaigns for their upcoming election that are not conducted properly under the standard Covid-19 procedures. The Indian government had also allowed religious festivals to take place during that time that are lacking of proper social distancing guidelines. In order to handle their own vaccine shortages, the Indian government had issued a ban on local vaccine manufacturers from exporting its vaccines overseas. These manufacturers are now at the risk of facing legal suits for failing to comply to the terms of their contracts. This action had triggered the chain reactions from other countries. The United States now bans the export of raw material to produce vaccines to other countries. The European Union had also announced that they will curb their vaccine exports for 6 weeks.
By the end of 2020 and early 2021, the Indian government had declared their victory against the COVID 19 virus. The announcement was timely made for India's 2021 election. During 2020-2021, India had agreed to export 8.5 million vaccines under their diplomatic agreements and a total of 51.3 million vaccines under business agreements with other countries. While these diplomatic relationships continue, India is now facing their second wave of COVID 19 that has raked up numbers to thousands of people in a single day. The 2nd wave had surged faster due to India's political parties holding rallies and campaigns for their upcoming election that are not conducted properly under the standard Covid-19 procedures. The Indian government had also allowed religious festivals to take place during that time that are lacking of proper social distancing guidelines. In order to handle their own vaccine shortages, the Indian government had issued a ban on local vaccine manufacturers from exporting its vaccines overseas. These manufacturers are now at the risk of facing legal suits for failing to comply to the terms of their contracts. This action had triggered the chain reactions from other countries. The United States now bans the export of raw material to produce vaccines to other countries. The European Union had also announced that they will curb their vaccine exports for 6 weeks.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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1. What is justification in case above.
2. What is implication in case above.
3. What is conclusion in case above.
Transcribed Image Text:By the end of 2020 and early 2021, the Indian
government had declared their victory against the
COVID 19 virus. The announcement was timely
made for India's 2021 election. During 2020-2021,
India had agreed to export 8.5 million vaccines
under their diplomatic agreements and a total of
51.3 million vaccines under business agreements
with other countries. While these diplomatic
relationships continue, India is now facing their
second wave of COVID 19 that has raked up
numbers to thousands of people in a single day.
The 2nd wave had surged faster due to India's
political parties holding rallies and campaigns for
their upcoming election that are not conducted
properly under the standard Covid-19 procedures.
The Indian government had also allowed religious
festivals to take place during that time that are
lacking of proper social distancing guidelines. In
order to handle their own vaccine shortages, the
Indian government had issued a ban on local vaccine
manufacturers from exporting its vaccines overseas.
These manufacturers are now at the risk of facing
legal suits for failing to comply to the terms of
their contracts. This action had triggered the chain
reactions from other countries. The United States
now bans the export of raw material to produce
vaccines to other countries. The European Union
had also announced that they will curb their vaccine
exports for 6 weeks.
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