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ECONOMICS 101 Weekz Assignment

by | Dec 2, 2023 | Posted Questions

Weekz Assignment INSTRUCTIONS 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 US. government
intervention programs and apply current week
readings to make intelligent conclusions about
the economic policies. Assignment Steps
Resources: Tutorial help on Exce|® and Word
functions can be found on the Microsoft® Office
website. There are also additional tutorials via
the web offering support for Office products.
Using the University Library, EBSCOhost, or ProQuest data bases, locate up to three
different articles/publications and/or use The
Economist Online from the University Library to
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. You may access
EBSCOhost, ProQuest or The Economist
Online through the University Library
homepage: Click on the Library tab. Click on
the underlined University Library link. Click on
General Resources under Library Resources.
Assignment INSTRUCTIONS Economistcom. 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 US. 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
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