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8 Aug 2019

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Question:

The baby bonus is a form of government intervention. Which market failure do you think the government is mainly trying to correct with this bonus, and how?

Article: "Excessive' baby bonus scrapped"

http://www.theaustralian.com.au/national-affairs/excessive-baby-bonus-scrapped/story-fnhi8df6-1226642532079

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Related questions

100 word answer required from the question and article below.

Question:

The New Year's Eve fireworks even for London was ticketed for the first time last year. Which market failure do you think the government was mainly trying to correct with this ticketing, and how?

Article: "London New Years Eve fireworks made ticket-only for first time"

http://www.theguardian.com/uk-news/2014/dec/31/london-new-years-eve-fireworks-ticket

Explain how natural monopolies cause market failure? How is the deadweight loss associated with this form of market failure measured? What is a typical form of government intervention to correct it? How effective is this type of intervention? Use the material from this course to support your answer.

In the News: Based on your reading, think of one situation in which the Government is actively involved with the purpose of changing an outcome in the appropriate market. Do you agree that the Government should be involved? Why or why not? Use the key word "economic news" in a Google search to find an appropriate news story or article that illustrates the ideas presented in the reading for this week.

Write a 3 to 5 paragraph summary of the information and also explain how it relates to what you have just learned. Do not copy and paste directly from the article except for small quotes that help explain your summary.

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