Purchase Solution

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

Not what you're looking for?

Ask Custom Question

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.

Purchase this Solution

Solution Summary

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

Solution Preview

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 ...

Purchase this Solution


Free BrainMass Quizzes
Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.