The Lorenz curve demonstrates:

A. inequality visually; the more linear the curve, the more inequality exists.
B. inequality visually; the more linear the curve, the less inequality exists.
C. average income levels per quintile; the more linear the curve, the more inequality exists.
D. average income levels per capita; the more linear the curve, the less inequality exists.


Answer: B

Economics

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A) U.S. dollar. B) Japanese yen. C) euro. D) Mexican peso.

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In a market system, intermediaries in the exchange process are known as

A) producers. B) consumers. C) middlemen. D) free agents.

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The two types of market structures that are imperfectly competitive are:

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Explain and give examples of invention. What does government do to protect it?

What will be an ideal response?

Economics