In the figure above, the Lorenz curve that shows the richest 20 percent of households receiving 80 percent of all income is
A) curve A.
B) curve B.
C) curve C.
D) curve D.
D
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Describe the factors in Michael Porter's "Five Forces Model" that affect the ability of any firm in an industry to earn a profit
What will be an ideal response?
Refer to Scenario 15.2. If the interest rate were 20%, Furry Software should
A) retool the offices. B) rewire the network. C) move to Southern California. D) be indifferent between retooling and rewiring. E) be indifferent between retooling and moving.
How does the classical position on saving differ from Keynes's position?
A) Classical position: people save more at lower interest rates. Keynes's position: people save less at lower interest rates. B) Classical position: changes in the interest rate are irrelevant to saving decisions. Keynes's position: saving is directly related to the interest rate. C) Classical position: saving is directly related to the interest rate. Keynes's position: at times, saving may be inversely related to the interest rate. D) Classical position: saving can be inversely related to the interest rate. Keynes's position: consumption rises as saving rises. E) none of the above
Suppose there is a real depreciation of the dollar. Which of the following may have occurred?
A) foreign currency has become more expensive in dollars. B) foreign goods have become more expensive to Americans. C) the foreign price level has increased relative to the U.S. price level. D) all of the above E) none of the above