The Role of Government and the Impact of Politics

 

 

 

Research and identify two government agencies, departments, or regulations where the government is heavily involved in the economy that you agree are helpful and necessary. Then, research and identify two government agencies, departments, or regulations where the government is involved in the economy, and you disagree that involvement is necessary. Rather, in these cases, you believe the free market would be better. Be specific in your selected government agencies, departments, or regulations. It may be possible to use the same government agency, department, or regulation for both sides. For example, the Environmental Protection Agency (EPA) may have regulations or interventions that you both agree and disagree with. Since EPA is used here as an example, do not use it in your assignment.

For each selected example (four total),

Assess the government intervention, providing the pros and cons.
Discuss whether you agree with the government intervention and provide facts to support your opinion.
Explain thoroughly and support your rationale.
Critique the influence of the political process (for example, lobbying) for each of your examples

 

Sample Answer

 

 

 

 

 

 

 

 

Government Intervention in the Economy: A Balanced Perspective

 

Government involvement in the economy is a perpetual subject of debate, with arguments typically centered on efficiency, equity, and liberty. This report will identify two areas where government intervention is arguably helpful and necessary, and two where a free market approach might be more beneficial.

 

Government Interventions: Helpful and Necessary

 

 

1. The Food and Drug Administration (FDA) – Drug Approval and Safety Regulations

 

The FDA's role in ensuring the safety and efficacy of pharmaceutical drugs is a critical example of necessary government intervention.

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