1)What are the most important determinants of a person's income?

2)WHY are each of those determinants so important?

3)Which racial or ethnic group earns the most money and which groups earn the least? Which groups obtain the highest levels of education and which groups obtain the least? Which groups have the lowest illegitimacy rates and which have the highest? What impact does fatherlessness have on poverty and crime?

4)Some people say that there is a "gender pay gap" between men and women in which women are paid approximately $0.78 for every $1.00 earned by men. Where do they get that statistic and is that the best way to compare earnings between man and women? Why or why not? EXPLAIN

5)Some people believe that an "equal pay law" would result in men and women earning the same incomes. Others believe that such a law would instead have harmful unintended consequences. What would be the real-world consequences of an "equal pay law"?

6)Watch the following two videos:

Obama: We Will Close the Wage Gap

There is No Gender Wage Gap

Describe the main points of each video. Which video makes the most economic sense and presents the most evidence to support its claim? Explain in detail.

7)Watch the following two videos:

What Is White Privilege? Here's What People On The Street Have To Say

Whitesplaining white privilege!

Which video best represent reality? WHY? Is there any proof of "white privilege" given in the videos? And if so, how convincing is that "proof?" That is, is it based upon anecdotes (more subjective) or empirical evidence (more objective)?

Which video best incorporates the income determinants discussed in Questions #2 and #3 above?

8)In conclusion, what can individuals do to have the best chances of financial success?

OPTION 5 - College: Who Should Pay For It?

Student loan debt in the United States is the second largest source of debt after mortgages. Some people believe that college education in the United States ought to be "free" and many also want to "cancel" existing student loan debt. Others see such proposals as unfair, counterproductive, and unaffordable. Please answer the following questions regarding these ideas:

1)How much total student loan debt exists in the United States? How does this number compare to mortgage debt and credit card debt? How much does each borrower owe on average and how much does each graduate owe on average?

OPTION 5 - College: Who Should Pay For It?

Student loan debt in the United States is the second largest source of debt after mortgages. Some people believe that college education in the United States ought to be "free" and many also want to "cancel" existing student loan debt. Others see such proposals as unfair, counterproductive, and unaffordable. Please answer the following questions regarding these ideas:

1)How much total student loan debt exists in the United States? How does this number compare to mortgage debt and credit card debt? How much does each borrower owe on average and how much does each graduate owe on average?