Nebraska Standards for 'What are the economic functions of government?**'
Social Studies 8.3.6
Students will compare the United States economic system to systems in other countries.
Example Indicators:
- Describe the government's role in the United States economy, e.g., provision of public goods and services, protection of consumer rights, and the promotion of competition.
- Describe the impact of government policies, on individuals and businesses, taxation, and government borrowing
- Explain how the government addresses third-party costs and benefits, e.g., pollution and medical research.
- Explain the differences between traditional command and market economics.
- Analyze the costs and benefits of instituting different degrees of market, command, and traditional characteristics in to mixed economic systems.
