Explain the Economic Process by Which It Can Be Hypothesized

question 22

Essay

Explain the economic process by which it can be hypothesized that increased participation in international trade by the United States in the last several decades has led to increased income/wage inequality in the United States. Then indicate why some economists doubt that the increased trade has been such an important factor, and explain other influences that economists think might have been important. Finally, if you were to pass judgment on this
matter, what would be your view of the source(s) of the increased inequality and how would you defend your view?

---

Definitions:

Anticipation

The act of expecting or predicting future events or developments.

Fine Motor Skills

The ability to use small muscles, specifically in the hands and fingers, for tasks like writing, buttoning, and cutting, developing throughout early childhood.

Head Motions

Movements of the head that can be voluntary or involuntary, used in non-verbal communication or as part of physical activity.

Large Movements

Broad, impactful social, political, or cultural shifts that influence large populations or regions.