Why is it important for public service professionals to understand the economic

justifications for government intervention in the free market?


. Explain the challenges to improving both the equity and efficiency of the

economy through government intervention.


. From a societal perspective, are the benefits received from higher education

primarily private? How would you justify additional public funding for higher

education to decision makers?


. What is an example, not mentioned in the chapter, where the public sector

intervenes to address a potentially harmful information asymmetry?