Government in the Economy

A).Is there benefit for government involvement in the microeconomy? If so, what is it? If not, why not?

1. Name the four antitrust laws and the specific purpose of each.

2. Have antitrust laws been effective? Why or why not?

3. Discuss the short run and long run problems with the agriculture industry. Be specific.

4. Name and discuss some government interventions in the agriculture industry and give your opinion if they should be continued or not.

5. Discuss the trend of income inequality in the United States and give reasons for your answer.

6. List the six main reasons for rising health care costs.

7. Discuss the health care problem of limited access. Who are the medically uninsured and why?

8. List and discuss the four reasons for increasing demand for health care. Be specific.

9. Two major areas of health care reform involve universal access and containing costs. List the specific options discussed in your text that work toward these reforms.