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Analyze of the following government intervention programs: Countercyclical fiscal policies (countering economic disruptions such as the housing bubble and the Great Recession) US agriculture support
Analyze 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 Low Income Families (choose 1 of he following)
- Housing vouchers
- Earned Income Tax Credit (including Child Tax Credit)
- Supplemental Nutrition Assistance Program (SNAP)
- Low income healthcare (choose 1 of the following)
- Medicaid (including Children's Health Insurance Program).
- Affordable Care Act expansion
- Social insurance programs (choose 1 of the following)
- Old Age, Survivors, and Disability Insurance (OASDI)
- Medicare
- Unemployment insurance
- Analyze the arguments for government intervention as opposed to arguments for market-based solutions.
- Examine who has been helped and who has been hurt by the selected government intervention.
- Examine externalities and unintended consequences of such intervention. consider whether the SNAP program and health coverage for low-income families result in higher future tax revenues because low-income children grow up healthier and produce higher incomes over their lifetimes.
- Analyze whether cost of the intervention 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.
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