Suppose that you are the head of a government agency that oversees re-training programs for the unem


Question: Suppose that you are the head of a government agency that oversees re-training programs for the unemployed. a) Discuss whether the service that your agency delivers is a public or private good. b) Will the private market of demand and supply for labor [as measured by the unemployment rate] lead to an efficient outcome? Why or why not? Will your program affect it? Why or why not? c) Discuss how your agency is funded. d) How well do you think a voluntary contribution scheme work in funding your program?

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