Lorenz curves tell us about the
A. absolute distribution of income.
B. poverty line.
C. incidence of malnutrition.
D. relative distribution of income.
D. relative distribution of income.
You might also like to view...
Which of the following will cause a movement along the supply curve?
a. An increase or decrease in the raw materials costs. b. An increase in labor costs. c. Changes in the cost of the machinery used to make a good. d. Changes in the market price of a good, other things held constant.
The government's purchases of goods but not its purchases of services are included in GDP
a. True b. False Indicate whether the statement is true or false
If the Fed buys U.S. government bonds from the public, it
A) increases the volume of reserves in the banking system and the money supply tends to grow. B) decreases the volume of reserves in the banking system and the money supply tends to grow. C) increases the volume of reserves in the banking system and the money supply tends to fall D) decreases the volume of reserves in the banking system and the money supply tends to fall.
Which of the following statements is true?
A. A political business cycle is one created by the incentive for politicians to make policies in accordance with benefit-cost analysis. B. Adaptive expectations theory argues that the best indicator of the future is all of the available information. C. Incomes policies tend to be very effective over time. D. Incomes policies include jawboning, wage-price guidelines, and wage-price controls.