Government Intervention Analysis

Analyze 1 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 families with lower incomes (choose 1)
Housing vouchers
Earned Income Tax Credit (EITC), including Child Tax Credit
Supplemental Nutrition Assistance Program (SNAP)
Health care resources for people with lower incomes (choose 1)
Medicaid, including Children’s Health Insurance Program (CHIP)
Affordable Care Act expansion
Social insurance programs (choose 1)
Old-Age, Survivors, and Disability Insurance (OASDI)
Medicare
Unemployment insurance
Write a 700- to 1,050-word summary of your analysis. Identify the intervention and the market failure leading up to the intervention. Complete the following in your paper:

Analyze the arguments for government intervention as opposed to arguments 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 such intervention. For example, consider whether the SNAP program and health coverage for families with lower incomes result in higher future tax revenues because children from families with lower incomes grow up healthier and produce higher incomes over their lifetimes.
Analyze whether cost of the intervention you selected as a share of GDP or the number 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.

Sample Solution

During the BP (BP) Deepwater Horizon oil spill on April 20, 2020, the American government deployed 17,500 National Guard troops to respond to the massive scale of the environmental devastation. When the government steps in, things get done, but some are left wondering just how much government intervention should play a part in private sector issues, and if it even works. Government intervention is regulatory action taken by government that seek to change the decisions made by individuals, groups and organizations about social and economic matters. Government intervention is any action carried out by the government that affects the market with the objective of changing the free market equilibrium/outcome.

nect to rehearse in associations and their constraints, offering arrangements where difficulties emerge. The article plans to reach determinations on the reasonableness of Fiedler’s Contingency Theory of Leadership, Tuckman’s Model of Group Development, Belbin’s Team Theory, and Herzberg’s Two Factor Theory practically speaking, and how intricacies like power and impact shape how they can be applied to best suit what is going on a pioneer faces.

Authority Contingency based speculations of administration recommend that there is no right or most effective way to lead a gathering, or association, because of the critical number of limitations on a circumstance (Flinsch-Rodriguez, 2019). Fiedler, in his Contingency Theory of Leadership (Fiedler, 1967), recommends that the viability of a gathering is reliant upon the authority styles of the pioneer and their favourability to the circumstance. A significant part of the hypothesis is laid out around the most un-favored colleague scale (LPC). The LPC intends to measure a potential chiefs way to deal with an errand on a size of relationship roused to task persuaded, where the pioneer fits on the scale permits what is going on to be derived, and subsequently permits the ID of reasonable pioneers for assignments. The favourableness of the circumstance relies upon three attributes: pioneer part relations, the help and trust the pioneer as from the gathering; task structure, the clearness of the undertaking to the pioneer; and positional power, the power the pioneer needs to evaluate a gatherings execution and give prizes and disciplines (Fiedler, 1967). In the event that the pioneers approach matches what is expected from going on, achievement is anticipated for the gathering. Fiedler’s possibility model offers an exceptionally severe categorisation of initiative, obviously characterizing which circumstances endlessly won’t bring about progress for an expected pioneer. At the senior administration level of a hierarchal construction inside an association the hypothesis can be applied unreservedly, right off the bat because of the simplicity at which people can be supplanted in the event that their LPC score doesn’t match that expected of the circumstance (Pettinger, 2007). Furthermore, and in particular, is to guarantee that the senior administration are ideally suited to effectively lead the association. Notwithstanding, further down the order Fielder’s possibility hypothesis starts to hold considerably less importance, it becomes unrealistic according to a hierarchical point of view because of the quantity of individuals at this degree of administration. The coordinated operations of coordinating the pioneer with their most un-favored collaborator is difficult to reliably accomplish, so a more continuum based approach is required. Figure 1: Chelladurai’s Multi-Dimensional Model of Leadership (Miller and Cronin, 2012)

There are other possibility speculations that give a more continuum based approach like Redding’s hypothesis of authority and the executives, but Fielder’s depiction of how situational factors influence the initiative style expected for the circumstance is very helpful in grasping the asset

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