Applied Economics in Business Although most people agree that the governmentâ??s role in the free market economy should be limited, the degree of appropriate government involvement is contested Under...

Applied Economics in Business

Although most people agree that the governmentâ??s role in

the free market economy should be limited, the degree of appropriate government

involvement is contested Under what circumstances should the government

bailout a failing business? Explain and cite a specific example to illustrate

your reasoning

Some people might argue that the reason the government has

to manage cost and benefit externalities is that people are basically selfish

Explain the reasoning of that statement Do you agree or disagree? Explain why