Research and analyze the effects of the adhering to government policies on the industry equilibrium. Rises in the Minimum Wage limitations on global Trade pollution Controls natural Monopolies and Antitrust Regulation 1.Increases in minimum wage. 2.Restrictions on worldwide trade. 3.Pollution Controls. 4. Organic Monopolies and anti-trust regulation. When evaluating these policies, include some discussion of the adhering to points as soon as appropriate: What is the purpose of the policy? Why is the plan necessary? The welfare that consumers, producers, and society (the winners and also losers) before and also after the policy The distribution of costs and also benefits Does government intervention enhance the situation? 1. Explain crucial microeconomic terminology. 2. Differentiate in between microeconomics and macroeconomics. 3. Create and use economic graphs and also numerical models come analyze and also solve microeconomic problems. 4. Describe the costs and also benefits of international trade, including calculation that gains indigenous trade. 5. Analysis the affect of government task in markets. 6. Recognize optimal consumer buying decision in the context of utility theory. 7. Compare and contrast optimal pricing and output decisions in various market structures. 8. Use supply and demand concept to both product and also factor markets.

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