From the start, Stiglitz details a broad range of governmental services that influence the activities of individuals in society. Point out any of these activities as provided by a government that would have a negative effect on consumers.

2. Contrast Stiglitz's description of the United States as a "mixed economy" in relation to public economic activities undertaken by other countries.

3. Identify four factors that lead to government failures and four factors that lead to market failures. As such, what effect does the implementation of public (government) policy have on outcomes i.e., consequences?

4. According to Stiglitz, there are two (2) important differences between public and private institutions. Describe those two (2) differences. Then, identify a powerful legal tool(s) that the government possesses to control the private sector.

5. In your view, based on this reading, name five (5) very important public services that should be provided by the government rather than being performed by the private sector.

6. In one or more of the following programs, identify one (or more) that may result in "unintended consequences:"

Rent control

Minimum wage

Medicare

Improved highways making suburbs more accessible to the city

Forced integration of inner-city schools

Raising a speed limit to 65 an hour to save on fuel

http://www.library.fa.ru/files/Stiglitz-economics.pdf

Please use the above link to answer questions.