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Topic: Incentives 

Economics

 Standard 6.  Understands the roles government plays in the United States economy
  Level IV (Grade 9-12)
   Benchmark 6.Understands that incentives exist for political leaders to implement policies (e.g., price controls, barriers to trade) that disperse costs widely over large groups of people and benefit relatively small, politically powerful groups of people.
    Knowledge/skill statements
     1.Understands that incentives exist for political leaders to implement certain policies that disperse costs widely over large groups of people
     2.Understands that incentives exist for political leaders to implement policies that benefit relatively small, politically powerful groups of people
     3.Knows that price controls are an example of policies that may disperse costs over a large group of people but benefit only a small group
     4.Knows that trade barriers are an example of policies that may disperse costs over a large group of people but benefit only a small group
   Benchmark 7.Understands that few incentives exist for political leaders to implement policies that entail immediate costs and deferred benefits, even though these types of programs may be more economically effective
    Knowledge/skill statements
     1.Understands that few incentives exist for political leaders to implement policies that entail immediate costs and deferred benefits
     2.Knows that sometimes programs that entail immediate costs and deferred benefits may be more economically effective than programs with immediate benefits and deferred costs
 Standard 7.  Understands savings, investment, and interest rates
  Level IV (Grade 9-12)
   Benchmark 3.Understands that higher interest rates provide incentives for people to save more and to borrow less, and vice versa
    Knowledge/skill statements
     1.Understands how higher interest rates affect saving and borrowing