For this assignment you are going to choose one of the following options and write a persuasive essay trying to get others to agree with your opinion on the matter. You will want to show evidence that supports your opinion on the subject.
4.02 Should the Government Control the Economy?
Directions: For this assignment you are going to choose one of the following options and write a persuasive essay trying to get others to agree with your opinion on the matter. You will want to show evidence that supports your opinion on the subject.
Step 1: Research arguments for and against one of these topic questions:
Should government raise the minimum wage?
or
Should government set the price of gasoline?
Visit theVirtual Library for help with your research. You are searching for arguments for and against one of these topics. Be sure to note your sources of information.
Step 2: Create a graph to show the effect (shortage or surplus) of the government regulation you chose. Discuss why these issues do or do not affect your claim. Include the appropriate labels for your graph such as:
• price
• quantity
• supply
• demand
• surplus or shortage
You may use the example provided for you in the lesson.
Step 3: Write a persuasive argument as an essay or blog entry to address your topic. Use a minimum of 400 words. State your claim clearly with details from reliable sources. Be sure to include:
• Your claim on the topic question
• Three strong arguments that support your claim
• At least one argument that opposes your claim, and how you challenge it
• Economic terms from the lesson such as price controls, equilibrium price, shortage, and surplus
Possible sites to help you understand price controls:
http://www.investopedia.com/study-guide/cfa-exam/level-1/microeconomics/cfa7.asp
http://www.sjsu.edu/faculty/watkins/controls.htm
http://economics.fundamentalfinance.com/price-ceiling.php
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