Reference no: EM133477395

Case Study: Analyze 1 of the following government intervention programs:

• Counter-cyclical fiscal policies (countering economic disruptions such as the housing bubble and the Great Recession)
• U.S. agriculture support programs
• Assistance for low-income families (choose 1):
• Housing vouchers
• Earned Income Tax Credit (including Child Tax Credit)
• Supplemental Nutrition Assistance Program (SNAP)
• Low-income health care (choose 1):
• Medicaid (including Children's Health Insurance Program).
• Affordable Care Act expansion
• Social insurance programs (choose 1):
• Old Age, Survivors, and Disability Insurance (OASDI)
• Medicare o Unemployment insurance
• Address the following: (Hint:- Use of charts and graphs is encouraged with appropriate citations. Any charts or graphs retrieved from the Federal Reserve Bank of St. Louis FRED website may only be included when the data sources used by FRED are U.S. government sources such as the Bureau of Economic Analysis or the Bureau of Labor Statistics.)

Question 1: Analyze the arguments for government intervention versus those for market-based solutions. Hint: See the information about market failures.

Question 2: Examine who has been helped and who has been hurt by the selected government intervention.

Question 3: Examine externalities and unintended consequences of the intervention.

Question 4: Explain whether the cost of the intervention you selected, as a share of GDP or the number of participants, is increasing, decreasing, or varying with the state of the economy. Your analysis should be based on the cost trend (or the number of participants) since 2000 or since its inception if after 2000.

Question 5: Analyze credible economists' opinions on the success or failure of the intervention in achieving its objectives.
Recommend whether the program should be continued as is, discontinued, or modified based on your conclusions. Defend your recommendation.