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The Biggest Current Market Failure of the U.S. Economy

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What do you consider to be the biggest current market failure in the U.S. economy? Why? How should the failure be addressed? Consider costs and benefits.

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I consider that the biggest current market failure in the U.S. economy is unemployment. While the current recession may be as a result of unethical financial practices in the past, it is important to go back to the drawing board in realizing that the powerhouse that the U.S. became was primarily as a result of its workforce. As a result of the successes over the years, I believe that many people have forgotten where they have come from. The current national unemployment rate that could easily be within ...

Solution Summary

This tutorial identifies unemployment as the biggest current market failure in the U.S. economy.

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See Also This Related BrainMass Solution

U.S. economy and current market failures

Consider the information discussed/explained in the Library of Economics (link) and the Externalities (video) below. What do you consider to be the biggest current market failure in the U.S. economy? Why? How should the failure be addressed? Consider costs and benefits (for example, positive and negative externalities). What are the regulatory and ethical implications involved in solving the failure?

** The transcript attachment is the words to the video

Library of Economics and Liberty. (2012). Market failures, public goods, and externalities. Retrieved from: http://www.econlib.org/library/Topics/College/marketfailures.html

Externalities Video. McGraw-Hill. http://www.mhhe.com/economics/solman_video_mov/trade_triumph.mov

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