The Lorenz curve showing perfect income equality would be
A. I.
B. J.
C. K.
D. L.
B. J.
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The ways to address agency costs include
a. gathering information about the agent's characteristics before hiring b. gathering information about the agent's actions once hired c. incentivizing agents to work on behalf of principals d. all of the above
The Equal Employment Opportunity Commission
a. was established by the Equal Rights Act of 1984 b. examines cases in which a worker is not paid the same as other workers performing the same work c. guarantees a worker's right to a job d. established a minimum wage for minorities e. has effectively eliminated racial discrimination in the workplace
"A reduction in gasoline prices caused the demand for gasoline to increase. The lower gas prices also led to an increase in demand for large cars, causing their prices to rise." These statements
What will be an ideal response?
Which of the following statements is true of income inequality in the U.S. economy?
A) Inequality in the U.S. economy had increased throughout the 20th century. B) Inequality in the U.S. economy had decreased throughout the 20th century. C) Inequality in the U.S. economy is now less than what it was in the year 1950. D) Inequality in the U.S. economy is now higher than what it was in the year 1950.