When the Lorenz curve moves closer to the diagonal, this shows:
a. the rich getting richer and the poor getting poorer.
b. total income is rising.
c. the distribution of income is becoming more even.
d. the population is decreasing.
e. the prices of goods are rising.
c
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Sheena gets her paycheck on the first day of every month and spends it over the month to purchase various goods and services. What are the functions that money is performing in this case?
What will be an ideal response?
The unionization rate grew most rapidly in the United States between
A. 1935 and 1945. B. 1980 and 1988. C. 1950 and 1953. D. 1880 and 1901.
An industry consists of four firms with annual sales of $300, $500, $400, and $600, respectively. What is the industry's HHI?
A. 2,654 B. 10,000 C. 1,659 D. There is not sufficient information to compute the industry HHI.
Portfolio investment means buying
A. less than 10 percent of stock shares of of a foreign company. B. bonds through a financial company. C. more than 50 percent of stock shares of a foreign company. D. a combination of different companies' stock shares.