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Suppose that you are the head of a government agency

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Suppose that you are the head of a government agency that oversees re-training programs for the unemployed. a) Discuss whether the service that your agency delivers is a public or private good. b) Will the private market of demand and supply for labor [as measured by the unemployment rate] lead to an efficient outcome? Why or why not? Will your program affect it? Why or why not? c) Discuss how your agency is funded. d) How well do you think a voluntary contribution scheme [paid for by companies] would work in funding your program?

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It is a public good that may result in a private good, but that should not enter the discussion from

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a) It is a public good that may result in a private good, but that should not enter the discussion from the government's point of view. Lowering the unemployment rate by giving the unemployed (or unemployable) new skills, has many public benefits (higher income taxes, lower unemployment and other social welfare benefits from the public budget, lower crime rates and the lower costs of crime prevention and law enforcement, lower rates of alcoholism and the social ...

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