Explain the economic policy you chose, highlighting its core provisions and the market failure it was intended to correct. Clearly define the provisions of the policy and demonstrate your understanding of those provisions. Analyze your economic policy in terms of its appropriateness for the market failure it was intended to correct. Identify the pros and cons of the policy and its impact on the economy. Create an appropriate economic graph to show the impact on the economy prior to implementation of the policy. Identify the possible unintended consequences of your economic policy and propose an alternative solution. Create a graph that shows the impact on the economy if your alternative solution should be implemented.
Sample Solution
