Florida SS.7.E.2.3
The Standard
Identify and describe United States laws and regulations adopted to promote economic competition.
Florida Next Generation Sunshine State Standards for Social Studies
Teacher's field guide
What This Standard Means
What Students Need to Do
- Students name major federal antitrust measures, including the Sherman Antitrust Act, Clayton Antitrust Act, and Federal Trade Commission Act. They explain how these measures address price fixing, monopolization, harmful mergers, and unfair business practices.
What Mastery Looks Like
- Given a business scenario, students can identify the law or agency that applies and explain why. They can distinguish a successful large company from a company using illegal practices to block competition.
Common Misconceptions
- Students may think every monopoly or large company is automatically illegal. They may also think antitrust laws protect individual businesses from failure, rather than protecting competition and consumer choice.
How to Assess It
- Give students three scenarios involving price fixing, a harmful merger, and deceptive sales practices. Have them match each scenario to a law or agency and explain the match.
Lesson moves
Ways to Teach It
Run a chip-trading market with one seller, then several sellers, and compare prices, choices, and bargaining power.
Ask students to write whether the government should stop two major grocery chains from merging, using two facts as support.
Have teams sort scenario cards under Sherman Act, Clayton Act, FTC Act, or legal competition, then defend one choice.
Read a short FTC merger case summary and identify how the proposed deal could affect local prices and consumer choices.
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Printable SS.7.E.2.3 Worksheet
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Related Standards
- SS.8.E.3
Understand the fundamental concepts and interrelationships of the United States economy in the international marketplace.
- SS.8.E.1.1
Examine motivating economic factors that influenced the development of the United States economy over time including scarcity, supply and demand, opportunity co...
- SS.6.E.3
Understand the fundamental concepts and interrelationships of the United States economy in the international marketplace.
- SS.7.E.3
Understand the fundamental concepts and interrelationships of the United States economy in the international marketplace.
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