Wage Determination and Income Inequality
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Answer the following questions using
examples and applications from the readings. Justify your answers using
economic concepts and ideas as they apply. Each response should be between 300-400
words. Use at least two sources other
than the textbook.
Questions:
- How are wages determined? Why do some workers earn more than other
workers? - Why do income inequalities exist? How are
income inequalities measured? How have income inequalities changed from
1980 to the present?
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