Question Description

I’m working on a economics writing question and need guidance to help me understand better.

Q 1. Explain the reasons for rising income inequality in the US. Make sure to point out the shortcomings, if any, of each proffered reason.

Q 2. With the aid of diagrams, explain why employer discrimination reduces firms’ producer surplus. Explain why this implies that increased competition in product markets shall decrease discrimination in labor markets.

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