A Lorenz curve plots
A. the distribution of income.
B. unemployment and inflation.
C. job openings and the unemployment rate.
D. the distribution of labor supply.
Answer: A
You might also like to view...
In order to prove that Coca Cola and 7-Up are substitutes, one should test the __________ and get a __________
a. price elasticity of demand; number less than negative 1 b. income elasticity; positive number c. cross-price elasticity; negative number d. price elasticity of demand; number greater than negative 1 e. cross-price elasticity; positive number
Price floors are used as a method to:
a. ensure buyers that goods won't be cheaper tomorrow. b. see that production levels don't fall too low. c. guarantee there will be enough food for everyone. d. combat excess demand in the market. e. ensure sellers a minimum price for their goods.
The accompanying graph shows the long-run supply and demand curves in a purely competitive market. We know that when this market reaches equilibrium, the marginal
a) cost equals marginal benefit. b) benefit exceeds marginal cost. c) cost exceeds marginal benefit. d) cost equals zero.
Around 1973, the U.S. economy experienced a significant ________ in productivity growth, coupled with a ________ in the growth of real wages.
a. pickup, pickup b. slowdown, slowdown c. slowdown, pickup d. pickup, slowdown