Tuesday, October 6, 2015

Collis Mckenzie, chapter 3, question 5

The passage about the umpire struck me as the best example for government involvement in markets. The referee is expected to make every call correctly and without bias, but this rarely ever happens.  Especially in a fast, contact sport like soccer, the referee can win or lose a game for a team. I remember last season we lost 3 games because of a terrible call that lead to a penalty kick. We may have disliked those refs, but we liked the position of the referee. He or she is a necessary part of the game that the sport could not function without.  We may lament when the government  implements a policy that seems unfair, but at the same time we need to recognize the other goods and services that are provided to us that we benefit from.

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