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?
