Consider 3 policies described below. In each case, explain what market failure, if any, the policy addresses. Does this policy stimulate the growth? Whose interests are served by it? Is this policy an example of government failure?

(a) Ontario's minimum wage jumped from $11.60 to $14 an hour at the start of 2018. Starting in 2020, the minimum wage rates may increase annually on October 1 of each year.

(b) Every year, Toronto Public Health provides free vaccination to Grade 7 students in the schools. The three vaccines are:

Meningococcal ( mandatory for school attendance)

Human papillomavirus (HPV)

Hepatitis B

(c) Canadian student attending McMaster University for a four year BA program and living at home with parents earning $50,000 a year under the current system would receive grants large enough to cover almost all the tuition.