Refer to the diagram where curves (a) through (e) are Lorenz curves for five different countries. Income is equally distributed in:
A. none of the countries shown.
B. country b.
C. countries a and e.
D. country a.
D. country a.
You might also like to view...
Refer to Table 7-6. If the actual terms of trade are 1 belt for 1.5 swords and 50 belts are traded, how many belts will Estonia gain compared to the "without trade" numbers?
A) 0 B) 10 C) 40 D) 50
If you want to know the present value of a future payment received in one year, what formula can you use?
A) Present value equals future payment divided by one plus the rate of interest. B) Present value equals future payment times the current market rate of interest. C) Present value equals future payments times one plus the rate of interest. D) Present value equals one plus the rate of interest in decimals divided by future payment.
Which of the following federal agencies is engaged in economic regulation?
A) Occupational Safety and Health Administration B) Federal Motor Carrier Safety Administration C) Food and Drug Administration D) Consumer Product Safety Commission
When 5 units of labor are employed, total product is 9 units; when 6 units of labor are employed, total product is 11 units of output. If the price of output is $5 per unit, what is the marginal revenue product of the 6th unit of labor?
A) $10 B) $5 C) $15 D) $55