The Lorenz curve represents:
a. the line of perfect inequality

b. the line of perfect equality.
c. the nonwage income of households.
d. the actual distribution of income.


d

Economics

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Under a fixed exchange rate regime, if a central bank must intervene to purchase the ________ currency by selling ________ assets, then, like an open market sale, this action reduces the monetary base and the money supply, causing the interest rate

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Low cost strategies are usually found in industries where

a. Products are not particularly differentiated b. Price competition tends to be fierce c. Both a and b d. None of the above

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Explain how government policies that redistribute income from the rich to the poor might reduce efficiency

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Which of the following statements is true?

A. Most Medicaid beneficiaries are in HMO plans. B. Most Medicare Advantage beneficiaries are in HMO plans. C. Only about a quarter of employer-sponsored plan beneficiaries are in HMO plans. D. All of the above

Economics