c) Is income distributed "fairly" in the U.S.? Provide a rationale with relevant data.

d) Should government (federal and/or state) play a role in redistributing income? Elucidate.

c) What do you think is more important to focus on when considering inequality: income inequality orwealth inequality?

d) Assume that a company both sells its product and employs its resources under purely competitiveconditions. In such a framework, how does the firm decide on the appropriate level of a resource tohire? Elucidate.

3. Illegal immigration is a major issue in the United States (and a prominent topic in presidential political campaigns) due to its negative economic effects - especially over the past few years. Do you agree with this statement? Justify your position and include relevant data.