Should Government Control the Economy Government Regulation Essay Paper

Now that you are familiar with some of the costs and benefits of government regulation, you will research and present a claim related to either minimum wages or gas prices. You will write a persuasive argument to support your claim.

STEP 1.

Research arguments for and against one of these topic questions:

• Should the government raise the minimum wage?

  or

• Should the government set the price of gasoline?

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

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

STEP 4.

Create a reference section that includes links to your sources. Be sure to include your sources in MLA format.