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Division of Business, Arts and Social Sciences Directions: Using a PDF or Word document, include your name and write a response to the following 5 questions

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Division of Business, Arts and Social Sciences Directions: Using a PDF or Word document, include your name and write a response to the following 5 questions. Be as specific as possible. Please, avoid handwritten responses and screen shots. Good Luck. 1. Name 4 major reasons for income inequality in the US. Briefly explain one. 2. Name 3 major costs to the US economy of illegal immigration. Briefly explain one. 3. Name 3 major supply-side reasons driving healthcare costs upward. Briefly explain one. 4. What are the differences in outcomes regarding wage rates, quantity of labor hired and impact on income distribution between a perfectly competitive and a monopsony labor market? Briefly explain. 5. Briefly explain how established property rights can reduce deforestation and species extinction. Give an example.