Government Intervention (NO PLAGIARISM)

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Economics

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Purpose of Assignment

The theory of market economies emphasizes freedom of choice and limited government intervention. The classic argument for government intervention is market failure - the inability of the market economy to correct itself from a dysfunctional state (such as the Great Depression). Students will examine articles from the University library to analyze real-world examples of U.S. government intervention programs and apply current week readings to make intelligent conclusions about the economic policies.


Examples of intervention programs you may select, but are not limited to:

  • US agriculture support programs
  • Low income support programs (Food Stamps, Earned Income Tax Credit, Child Tax Credit, and Temporary Assistance to Needy Families)
  • Medicaid, Children's Health Insurance Program, The Affordable Care Act (Obamacare)
  • Low-income rent controls and housing vouchers
  • Government promotion of renewable energy sources to discourage use of fossil fuels such as coal and oil
  • Unemployment Insurance
  • Bailout of U.S. banks and other financial institutions during the Great Recession
  • Bailout of U.S. auto makers during the Great Recession
  • Social Security retirement benefits

Develop a minimum 10-slide Microsoft® PowerPoint® presentation including detailed speaker notes or voiceover including the following:

  • Describe the intervention and detail its history.
  • Analyze the arguments for government intervention as opposed to arguments for market-based solutions. Hint: See the information in our course textbook on market failures.
  • Examine who may be helped and who may be hurt by the selected government intervention.
  • Examine externalities and/or unintended consequences of such intervention.
  • Determine the cost trend of the intervention program since its implementation including whether costs are increasing, decreasing, or vary with the state of the economy.
  • Evaluate the success or failure of the intervention in achieving its objectives and develop conclusions.
  • Recommend whether the program should be continued as is, discontinued, or modified and defend your recommendation.

Note: The use of tables and/or charts to display economic data over the time period discussed is highly encouraged. However, if your source includes the copyright symbol, which looks like this: ©, then you should not copy any table and/or charts from that source. You could use, but are not required to use, charts/graphs retrieved from the Federal Reserve Bank of St. Louis FRED web site as long as the data sources used by FRED to create those charts are government sources such as the Bureau of Economic Analysis or the Bureau of Labor Statistics.

Cite a minimum of three scholarly, peer-reviewed references.

Format your paper consistent with APA guidelines

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Explanation & Answer

Find the attached document,Best Regards.

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Agriculture in the united state is greatly affected. The US
government decided to intervene by subsidizing farmers.
The falling grain prices have an impact on the widespread
economic turmoil as such the government intervened by creating
permanent price subsidies for farmers.
Initially the agricultural policies were aimed at supporting and
developing family farms and the total output of the agricultural
sector.
This dates back to over 200 years of government support. Effects
of world war I led to closure of many export markets in the united
states. Falling grain prices led to the government intervention

Subsidizing grain prices was not an efficient way of
tackling the issue. The farmer turns out to be affected
in price moderations but the customer is safer because
of the reduced prices.
 Government intervention however provided market for
the farmers, it did not help the a greater deal. The
government argued that subsidizing prices would lead
to increased markets but that was not a market based
solution since it did not address the output and the
input associated.


Consumer- helped
 Farmer – hurt







Hording of goods
Searching for alternative market
Reduced agriculture culture.



The United States intervened by limiting farm sector support
which was considered trade distorting. this limit was
measured by Aggregate Measurement of Support (AMS) from
23.1billion dollars to 19.1 billion dollars. The ac...


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