ADM 614 Assignment and Discussion

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ADM 614  Assignment and Discussion

ADM 614 Topic 3 Discussion 1

Explain the difference between government failure and market failure. Discuss the role of government in a market economy to address market failure.

ADM 614 Topic 3 Discussion 2

Economic efficiency is how economists assess the desirability of outcomes. Discuss the two requirements for efficiency in a market economy.

ADM 614 Assignment and Discussion

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ADM 614 Week 3 Government in the Economy

Details:

Write an essay of 1,000-1,250 words regarding public goods. Include the following:

Explain what a public good is.

Discuss how a public good is different than a private good.

Discuss whether only government can supply a public good.

What are the challenges related to public goods.

How should the “free rider” problems be addressed?

Be sure to cite at least three relevant scholarly sources in support of your content. These sources can include trade journals and think tank reports. Use only sources found at the GCU Library or those provided in Topic Materials.

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center.

You are required to submit this assignment to Turnitin. Refer to the directions in the Student Success Center.

ADM 614 Assignment and Discussion

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