Question

What is government failure? What are the possible reasons that government solutions may be no better...

What is government failure? What are the possible reasons that government solutions may be no better than market solutions in medical care?

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Government failure refers to when government tries to intervenes in the economy for fixing a problem but this will create more problems.

Government solution is not better than market solution because there is lack of planning.they do not take any stand regarding how to adapt policy in short run ,federal cutback and pressures of present economy.they fails to understand about economic climate ,choices and trade off .government fails to refocus on what they will do in health care field.they do not know whether more resources should be invested in personal medical care or medical health.what specific investment should be made in other area also.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Explain three reasons for market failure and the ways government can intervene to deal with those...
Explain three reasons for market failure and the ways government can intervene to deal with those instances of market failure
Inadequacies in government action are frequently called “government failure.” In some cases, government failures reinforce market...
Inadequacies in government action are frequently called “government failure.” In some cases, government failures reinforce market failures. In particular, the government may promote inefficient outcomes in a way that exacerbates the shortcomings of the market rather than alleviates these shortcomings. Can you think of any examples where such mutually reinforcing failuresmight occur and the reasons why they might occur?
What are the four (4) major reasons for government failure? Briefly explain each. Which of the...
What are the four (4) major reasons for government failure? Briefly explain each. Which of the four (4) apply to explain the excess demand created by the imposition of rent controls on New York City apartments after World War II? Explain both what “excess demand” and “rent controls” are.
If positive externalities do arise, then what is a possible government policy that could correct the...
If positive externalities do arise, then what is a possible government policy that could correct the market failure?
What are all the possible reasons why a person may get a true positive when using...
What are all the possible reasons why a person may get a true positive when using ELISA to test for antibodies for a pathogen? (There are THREE reasons.)
What are some of the major reasons that the implementation of large CRM systems may be...
What are some of the major reasons that the implementation of large CRM systems may be prone to failure?
Most introductory economics textbooks have a section on “market failure.” It is here that students learn...
Most introductory economics textbooks have a section on “market failure.” It is here that students learn that markets may fail to achieve their potential – leaving people worse off than they theoretically could be. The existent of market failure is often taken as an excuse for government intervention to do whatever markets fail to do. In just a couple of sentences, explain why economists (and others, particularly politicians) must accept the possibility of “government failure” as well? That is, tell...
Who opposed health maintenance organizations and what were their reasons? Describe the roles of government and...
Who opposed health maintenance organizations and what were their reasons? Describe the roles of government and the insurance industry in promoting managed care plans.
What is the market failure? What are the types of market failure and how they work?...
What is the market failure? What are the types of market failure and how they work? Is it possible to prevent market failures? How? (You are expected to give very detailed answer and example for each part of this question).
Give three possible reasons why immediate expensing of intangibles may be justified. Do you agree with...
Give three possible reasons why immediate expensing of intangibles may be justified. Do you agree with these reasons? Explain
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT