- standard
Role of Government in the Market
- 9th - 12th Grade
- Michigan Social Studies Standards
- The Market Economy
Price Controls – analyze the impact of price ceilings and price floors on the quantity of a good or…
- standard
Role of Government in the Market
- 9th - 12th Grade
- Michigan Social Studies Standards
- The Market Economy
Consequences of Governmental Policy – assess the incentives for political leaders to implement policies that disperse costs widely over…
- standard
Role of Government in the Market
- 9th - 12th Grade
- Michigan Social Studies Standards
- The Market Economy
Market Failure – explain the role for government in addressing both negative and positive externalities.
- standard
Role of Government in the Market
- 9th - 12th Grade
- Michigan Social Studies Standards
- The Market Economy
Government Revenue and Services – analyze the ways in which local and state governments generate revenue and use that…
- standard
Role of Government in the Market
- 9th - 12th Grade
- Michigan Social Studies Standards
- The Market Economy
Government and Consumers – analyze the role of government in protecting consumers and enforcing contracts (including property rights), and…
- standard
Role of Government in the Market
- 9th - 12th Grade
- Michigan Social Studies Standards
- The Market Economy
Public Policy and the Market – analyze the impact of a change in public policy on consumers, producers, workers,…
- standard
Prices, Supply, and Demand
- 9th - 12th Grade
- Michigan Social Studies Standards
- The Market Economy
Price, Equilibrium, Elasticity, and Incentives – analyze how prices change through the interaction of buyers and sellers in a…
- standard
Prices, Supply, and Demand
- 9th - 12th Grade
- Michigan Social Studies Standards
- The Market Economy
Supply And Demand – use the laws of supply and demand to explain household and business behavior.