should the government raise the minimum wage

4.02 Should the Government Control the Economy?

Directions: For this assignment you should create a 400+ word essay. You’ll 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?

Should government set the price of gasoline?

Visit the Virtual 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. You may also use the graph from the second page of the lesson, showing demand and supply. Make sure to include the graph in your essay. 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

http://economics.fundamentalfinance.com/micro_price-floor.php

Step 4: Create a reference page that includes links to your sources. Be sure to include your sources in MLA format.

Save your file as “402YOURNAME” and upload to 4.02. Remember to include your diagram with explanation, your essay or presentation, and references.