Persuasive Writing Research newspapers and news magazines for recent articles about the minimum wage. Using what you have learned about price floors and the information in the articles, decide whether you favor or oppose raising the minimum wage. Write a 2-page paper outlining your views.

Assume that the price of school lunches has become too high, and you need to set a price ceiling to remedy the problem. What would the consequences of such a policy be for both students and the school?

You were invited to speak to a middle school class about the activities available at your school. You brought 20 ballpoint pens with the high school logo, but there were 30 students in the class. What kind of nonprice rationing system would you devise to fairly allocate the scarce item?

Synthesizing You were invited to speak to a middle school class about the activities available at your school. You brought 20 ballpoint pens with the high school logo, but there were 30 students in the class. What kind of nonprice rationing system would you devise to fairly allocate the scarce item?

Making Predictions Suppose that your state wanted to make health care more affordable for everyone. To do this, state legislators put a series of price controlsprice ceilings-in place that cut the cost of medical services in half. In short paragraphs, explain your answers to the following questions: a. What would happen to the demand for medical services at the new, lower price? b. What would happen to the supply of medical services that doctors would be willing to provide at the new, lower price? c. What considerations would new doctors take into account when they decide where to set up their practice? Explain the reasons for your answers.

Suppose that your state wanted to make health care more affordable for everyone. To do this, state legislators put a series of price controls- price ceilings-in place that cut the cost of medical services in half. In short paragraphs, explain your answers to the following questions: a. What would happen to the demand for medical services at the new, lower price? b. What would happen to the supply of medical services that doctors would be willing to provide at the new, lower price? c. What considerations would new doctors take into account when they decide where to set up their practice? Explain the reasons for your answers.

Economists like to use cost-benefit analysis to assess the merits of any program. Use this decision-making strategy to evaluate the desirability of continuing rent control. Write a paragraph describing your strategy and results.

A shoe store is having a sale. The first pair of shoes sells for $40. The second pair sells for half price, or$20. The next pair sells for half of that, and so on. Create a table like the one below that tracks the total of the shoes as each pair is added. Stop when the selling price of the last pair of shoes is less than $1.50.

Gas centrifuge technology is an emerging technology. The technology enriches mined uranium to levels at which it can be used to generate nuclear power. The use of centrifuges increases the concentration of the isotope uranium-235 in the uranium. Research the various applications of gas centrifuge technology. How has it affected the efficiency of energy production?

Research an example of rationing that took place in either the United States or another country. Under what circumstances was rationing implemented? What effect did rationing have on the economy? Was rationing an effective way to allocate goods and services in this particular situation? Write a two-page essay to explain your findings.

Inferring Why does demand drop when government subsidies are not available?

Determining Cause and Effect Use a graphic organizer to illustrate how price floors affect quantity demanded and supplied.

Determining Cause and Effect Use a graphic organizer to show how a change in demand or supply affects the price of a product.

Summarizing What reasons does Hill give against paying college athletes?