ReviewtheCompetency 2 Resources: The Roles of Government in the Economy.Analyze1 of the following government intervention programs:

• U.S. agriculture support programs
• Assistance for low Income families (choose 1):
  • Supplemental Nutrition Assistance Program (SNAP)
• Low-income health care (choose 1):
  • Affordable Care Act expansion
• Social insurance programs (choose 1):
  • Unemployment insurance
  • address the following:
• Analyze the arguments for government intervention versus those 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 the intervention.
• Explain whether the cost of the intervention you selected, as a share of GDP or the number of participants, is increasing, decreasing, or varying with the state of the economy. Your analysis should be based on the cost trend (or number of participants) since 2000 or since its inception if after 2000.
• Analyze credible economists' opinions on the success or failure of the intervention in achieving its objectives.
• Recommend whether the program should be continued as is, discontinued, or modified based on your conclusions. Defend your recommendation.

Answer rating: 100% (QA)

ANSWER Lets choose US agriculture support programs for analysis Arguments for Government Intervention vs MarketBased Solutions Government Intervention Market Failures Agricultural markets often experi... View the full answer