Hi i need this to be in your own words if so i can rate you first if its off the

Question

Hi i need this to be in your own words if so i can rate you first if its off the internet i am not going to rate any one

analyze the effects of the following government policies on the
market equilibrium.
Increases in the Minimum
Wage Restrictions on International Trade


When analyzing these policies, include some discussion of the following points when appropriate: What is the purpose of the policy? Why is the policy necessary? The welfare of consumers, producers, and society (the winners and losers) before and after the policy The distribution of costs and benefits Does government intervention improve the situation?

Explanation / Answer

govrnment will make more public expenditure so that production in economy increases there by leading to increase in market equilibrium quantity and also employment which lead to increase in growth of GDP. which is helpful for economy to attain good growth, regarding increase in minimum wage raestrictions , real wage in economy increases which lead to increase in employment there by leading to groeth in GDP. regarding restriction on international trade domestic production increases, but over alll production decreases.

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