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