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Economics questions (200-300 words for each topic). 1. Discuss the pattern of the distribution of income in the US in the last 30 years. In

Economics questions

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(200-300 words for each topic). 1. Discuss the pattern of the distribution of income in the US in the last 30 years. In particular what trends are indicated by the data on income distribution in this period? What is the difference between the distribution of income and the distribution of wealth? 2. What is the difference between a tariff and a quota? Discuss the impact of tariffs on international trade. Include a discussion of the gains from trade and why nations trade

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