If income were equally distributed, a nation's Lorenz curve would be identical to the _______________.
Fill in the blank(s) with the appropriate word(s).
line of perfect equality
You might also like to view...
The sum of compensation to employees, rental income, corporate profits, net interest, and proprietors' income is
A) gross domestic product. B) gross domestic income. C) net domestic income at factor cost. D) net domestic product.
Which of the following is always wrong, regardless of what other information may be given to you?
a. Hiring a worker when her marginal physical product is decreasing. b. Hiring a worker when her marginal physical product is positive. c. Hiring a worker when her marginal physical product is increasing. d. Hiring a worker when her marginal physical product is negative. e. Hiring a worker when her MRP > W.
The first year of the New Deal was
A. 1929. B. 1933. C. 1945. D. 1952.
Which of the following has been a problem faced by the FDIC in its provision of federal deposit insurance?
A. a relatively low number of bank failures each year, which has reduced the need for deposit insurance B. adverse selection arising from the tendency for banks to take on more risk after they receive deposit insurance C. moral hazard arising from the tendency for the highest-risk banks to be those most interested in obtaining deposit insurance in the first place D. moral hazard arising from the tendency for banks to take on more risk after they receive deposit insurance