Apply: Summative Assessment: Government Intervention Analysis. Top of Form. Bottom of Form. Exam Content. Top of Form. Analyze 1 of the following government intervention programs:
Apply: Summative Assessment: Government Intervention Analysis
Top of Form
Bottom of Form
Top of Form
Analyze 1 of the following government intervention programs:
Countercyclical fiscal policies (countering economic disruptions such as the housing bubble and the Great Recession)
US agriculture support programs
Assistance for families with lower incomes (choose 1)
Earned Income Tax Credit (EITC), including Child Tax Credit
Supplemental Nutrition Assistance Program (SNAP)
Health care resources for people with lower incomes (choose 1)
Medicaid, including Children’s Health Insurance Program (CHIP)
Affordable Care Act expansion
Social insurance programs (choose 1)
Old-Age, Survivors, and Disability Insurance (OASDI)
Write a 700- to 1,050-word summary of your analysis. Identify the intervention and the market failure leading up to the intervention. Complete the following in your paper:
Analyze the arguments for government intervention as opposed to arguments for market-based solutions. Hint: See the information about market failures.
Examine who has been helped and who has been hurt by the selected government intervention.
Examine externalities and unintended consequences of such intervention.
For example, consider whether the SNAP program and health coverage for families with lower incomes result in higher future tax revenues because children from families with lower incomes grow up healthier and produce higher incomes over their lifetimes.
Analyze whether cost of the intervention you selected as a share of GDP or the number of participants is increasing, decreasing, or varies with the state of the economy, based on the cost trend(or number of participants) since its inception or since 2000.
Analyze credible economists’ opinions on the success or failure of the intervention that you chose in achieving its objectives.
Recommend whether the program should be continued as is, discontinued, or modified based on your conclusions. Defend your recommendation.
Note: Use of charts and graphs is encouraged with appropriate citations. Any charts or graphs retrieved from the Federal Reserve Bank of St. Louis FRED website may only be included when the data sources used by FRED are US government sources such as the Bureau of Economic Analysis or the Bureau of Labor Statistics.
Cite at least 2 academically credible sources.
Format your assignment according to APA guidelines.
This article examines the government intervention in market governance, that is, why a local government that claims to be a rule maker or market regulator would intervene deeply in transaction disputes between market players.
Based on the institutional analysis in the fields of sociology and economics, the author constructs a theoretical framework of risk transformation to study the case of a loan dispute at the Wenzhou Private Lending Service Center.
The study shows that there are two aspects in the process of government intervention in transaction disputes: the transformation of economic risk into political risk and the government’s response to risk transformation.
The completeness of law, the relationship between government and market players, and the ability of the government to withdraw from society are the three structural factors that affect risk transformation.
Facing risk transformation, the greater the potential political risk perceived by the government, the more likely it is to intervene in transaction disputes. This paper provides a new analytical approach for studying the role of government in market transition and the social construction of market institutions.
This article focuses on the phenomenon of government intervention in the process of market governance.
The so-called market governance means that the government nurtures, regulates, and supports market transactions in particular areas through specific institutional arrangements, so as to promote the vitality and to maintain the order of the market (Liu, 2014).