Based on the graphic showing the Lorenz Curve, in 2017 income distribution in the United States ______.
a. followed exactly along the line of perfect equality
b. was closer to the line of perfect equality than in 1980
c. was farther from the line of perfect equality than in 1980
d. was the same distance from the line pf perfect equality as in 1980
c. was farther from the line of perfect equality than in 1980
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In the above figure, if the price level is 150
A) total planned production exceeds total expenditures. B) total planned production is less than total expenditures. C) total expenditures exceed total planned expenditures. D) total planned production equals total expenditures.
The Congressional Budget Office estimates that the payments to settle malpractice lawsuits and the premiums doctors pay for malpractice insurance account for ________ of health care costs in the United States
A) between 20 and 30 percent B) a vast majority C) roughly half D) less than 1 percent
. During most of the 1990s and 2000s, the trend in interest rates was:
A. sharply downward. B. mildly downward. C. mildly upward. D. just about constant.
People maximize utility when they make the choices that provide the highest level of satisfaction
a. True b. False Indicate whether the statement is true or false