Standard #: SS.912.E.2.4


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Diagram and explain the problems that occur when government institutes wage and price controls, and explain the rationale for these controls.


Remarks


Examples are shortage, surplus, other inefficiencies.

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Related Access Points

Access Point Number Access Point Title
SS.912.E.2.AP.4 Identify examples of government wage and price controls, such as minimum wage and rent control.


Related Resources

Lesson Plans

Name Description
Federalism

A look at examples of federalism in action including the federal and state minimum wages. Students will identify examples of federal powers, state powers and shared (concurrent) powers. 

Price Controls

An introduction and look at government price controls.  Students will analyze a supply and demand schedule to answer questions relating to a price ceiling. 

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