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ECO 561 Week 2 Government Interventions vs. Market Based
Solutions (2 PPT)
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THIS TUTORIAL CONTAINS 2 PPT
ECO 561 WEEK 2 GOVERNMENT INTERVENTIONS VS.
MARKET BASED SOLUTIONS
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).
Examine one case of significant government intervention as it relates
to your current industry of employment or an industry in which you
are interested in working.
Examples of intervention programs include, 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, Obamacare
Low income rent controls and housing vouchers