The trick in graphing a Lorenz curve is that you must change the shares of income for each specific ___________ into cumulative income.
a. state
b. quintile
c. quartile
d. percentile
b. quintile
The trick in graphing a Lorenz curve is that you must change the shares of income for each specific quintile into cumulative income.
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Economic progress is best measured by
A. the growth rate of prices over time. B. the growth rate of GDP per capita. C. the amount of working time needed for an individual worker to afford certain goods and services. D. the annual growth rate in the population.
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
When two variables have a direct relationship, the slope is
A) negative. B) positive. C) zero. D) infinity.
The argument against greater equality in the distribution of income in the United States hinges predominantly on
A. Loss of incentives. B. The loss of horizontal equity. C. A higher marginal revenue product. D. Greater productivity.