In the above figure, the Lorenz curve for income is shown. If the data used are from the United States, and the U.S. Lorenz curve for wealth was added to the diagram, it would be
A) further from the line of equality than the Lorenz curve for income.
B) closer to the line of equality than the Lorenz curve for income.
C) above the line of equality.
D) the same as the Lorenz curve for income.
A
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A. deducted from B. added to C. close to zero for D. none of these answer options are correct.
In markets with imperfect information:
A. buyers and sellers will use resources to acquire information before making decisions. B. buyers will use resources to acquire information before making a decision, but sellers do not need to acquire additional information before making a decision. C. sellers will use resources to acquire information before making a decision, but buyers do not need to acquire additional information before making a decision. D. neither buyers nor sellers will be able to acquire information in order to make decisions.
Which of the following is most likely to be able to sustain economic growth in an economy?
A) sustained increases in the labor force participation rate B) technological change C) increases in capital per hour worked D) accumulations of economic resources
A corporation is the type of business that has ________ government rules and regulations affecting it
A) no B) the fewest C) the most D) only federal