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Wage Determination and Income Inequality

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. ;

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  1. How are wages determined? ; Why do some workers earn more than other workers?
  2. ;Why do income inequalities exist? ; How are income inequalities measured? How have income inequalities changed from 1980 to the present?

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