Project Summary: I have some questions about Economics should be answer on own writer words, I dont want plagirisim. Also, each questions should in 2 short paragraphs. USE EASY WORD, USE SIMPLE ENGLISH. There are the questions: 1.Why has income inequality increased? Give three reasons to explain this trend. Is income inequality the cause of poverty? Why or why not? Is income inequality beneficial or detrimental to the economy? Why or why not? 2.Describe two distinct causes of the financial crisis of 2008. Identify three major U.S. firms that either failed or were bailed out by the U.S. government. Do the firms that you identified still exist today? Why or why not? 3.Describe the impact that the Smoot-Hawley Tariff of 1930 had on the U.S. economy and on U.S industries. Be specific. 4.Explain two arguments in favor of free international trade. 5.Explain two arguments opposing free international trade. 6.List and describe 5 different kinds of trade restrictions that a country can use. 7.What is absolute advantage? What is comparative advantage? Give an example that illustrates each in terms of international trade.