1.A U.S. manufacturer wants to sell computer equipment to companies in Honduras. Because the U.S. government limits trade with Honduras, the manufacturer is required to obtain an export license from the Department of Commerce before selling and shipping the equipment to the purchasers. The export license fee is $8,100, not including a nonrefundable application fee of $2,700. What are the possible effects of these fees?

2.The government put a ceiling on the price that producers can charge for bread, allowing a maximum price of $2 per loaf. What are the possible effects of this action?

3.The local community voted to fund construction of a public light-rail system. In order to clear a path for the light rail, the government will have to condemn various family-owned houses and several apartment buildings to make way for a transit station. What are the potential effects of the light-rail construction?

4.The federal government decides to increase the minimum wage by $1.12 an hour. What are the potential economic effects of this decision?