The Lorenz curve portrays:
A. the functional distribution of income.
B. the ratio of labor to capitalist income.
C. the personal distribution of income.
D. income equality.
Answer: C
You might also like to view...
All of the following location characteristics can result in higher worker salaries except which one?
A) short commute time B) poor climate C) high cost of living D) unpleasant work conditions
Starting from long-run equilibrium, a decrease in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. higher; potential D. lower; higher
When the supply of workers is plentiful, one would predict that market wages would be
a. determined outside the domain of economic theory. b. determined solely by factors that affect demand. c. low, other things equal. d. high, other things equal.
In the circular flow model, households:
a. Buy products and sell resources b. Sell products and buy resources c. Buy products and resources d. Sell products and resources