SS.912.E.2.4

loading spinner
Export Print
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.
General Information
Subject Area: Social Studies
Grade: 912
Strand: Economics
Standard: Understand the fundamental concepts relevant to the institutions, structure, and functions of a national economy.
Date Adopted or Revised: 02/14
Status: State Board Approved

Related Courses

This benchmark is part of these courses.
2102310: Economics (Specifically in versions: 2014 - 2015, 2015 - 2019, 2019 - 2022, 2022 and beyond (current))
2102320: Economics Honors (Specifically in versions: 2014 - 2015, 2015 - 2019, 2019 - 2022, 2022 and beyond (current))
2102380: The American Economic Experience: Scarcity and Choice (Specifically in versions: 2014 - 2015, 2015 - 2020 (course terminated))
2102390: The American Economic Experience: Scarcity and Choice Honors (Specifically in versions: 2014 - 2015, 2015 - 2022, 2022 and beyond (current))
2102800: Florida’s Preinternational Baccalaureate Comparative Economics With Financial Literacy (Specifically in versions: 2014 - 2015, 2015 - 2022, 2022 and beyond (current))
2106330: Civics (Specifically in versions: 2014 - 2015, 2015 - 2019 (course terminated))
7921020: Access Economics (Specifically in versions: 2014 - 2015, 2015 - 2019, 2019 - 2023, 2023 and beyond (current))
2102315: Economics for Credit Recovery (Specifically in versions: 2014 - 2015, 2015 - 2019, 2019 - 2022, 2022 and beyond (current))
2102335: Economics with Financial Literacy (Specifically in versions: 2014 - 2015, 2015 - 2018, 2018 - 2022, 2022 - 2024 (course terminated))
2102340: Economics with Financial Literacy for Credit Recovery (Specifically in versions: 2015 - 2018, 2018 - 2022, 2022 and beyond (current))
2102345: Economics with Financial Literacy Honors (Specifically in versions: 2014 - 2015, 2015 - 2018, 2018 - 2022, 2022 - 2024 (course terminated))
7921040: Fundamental Economics (Specifically in versions: 2013 - 2015, 2015 - 2017 (course terminated))
7921042: Fundamental Economics with Financial Literacy (Specifically in versions: 2014 - 2015, 2015 - 2017 (course terminated))
7921022: Access Economics with Financial Literacy (Specifically in versions: 2014 - 2015, 2015 - 2018, 2018 - 2023, 2023 and beyond (current))
2102300: Economics and Personal Finance (Specifically in versions: 2023 and beyond (current))
2102305: Economics and Personal Finance Honors (Specifically in versions: 2023 and beyond (current))
2102306: Economics and Personal Finance for Credit Recovery (Specifically in versions: 2024 and beyond (current))

Related Access Points

Alternate version of this benchmark for students with significant cognitive disabilities.
SS.912.E.2.AP.4: Identify examples of government wage and price controls, such as minimum wage and rent control.

Related Resources

Vetted resources educators can use to teach the concepts and skills in this benchmark.

Lesson Plans

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. 

Type: Lesson Plan

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. 

Type: Lesson Plan

Student Resources

Vetted resources students can use to learn the concepts and skills in this benchmark.

Parent Resources

Vetted resources caregivers can use to help students learn the concepts and skills in this benchmark.