The more bowed out the Lorenz curve is, the
A) more equal the distribution of income.
B) less equal the distribution of income.
C) richer the society.
D) poorer the society.
Answer: B
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The government redistributes income to the poor, primarily through
A. regressive taxes and disability payments. B. transfer payments and progressive taxes. C. government purchases. D. higher wages.
All other things being equal, when the level of the stock market is ________, investment spending ________
A) high; tends to be low B) high; tends to be high C) low; tends to be high D) high or low; does not seem to change
________ passed the world's first anti-corruption law.
A) The United States B) The European Union C) Canada D) Brazil
When economists say that a good is nonrival in consumption, they mean that:
A. no one wants the good. B. everyone wants the good. C. the good is widely available. D. more than one person can enjoy the good at the same time.