Week 5 Dialogue Questions

After reading the Study Materials for Week 5 and reading the notes above, evaluate one of the following supposed market failures. If it does represent a market failure, describe in detail how the market has failed. If the problem is not a market failure (as defined above) or if the government solution causes more harm than good, suggest an alternative solution that satisfies biblical authority and responsibility and economic principles.

• Google has a near monopoly on Internet searches. Government should regulate it or break it up.
• The rental housing market has failed in many cities. Rents are astronomical and apartments are hard to find at any price. Governments should impose rent control.
• A mountain of student loan debt is hanging over the heads of graduates who can't afford to repay it. The loan market has failed. Government should forgive some or all of the debt.