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?

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