Public and Private Goods 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...

Public and Private Goods

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?

c) Discuss how your agency is funded

d) How well do you think a voluntary contribution scheme

work in funding your program?