The Lorenz curve shows the distribution of
A. wealth.
B. income.
C. poverty.
D. jobs.
B. income.
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In 2008, the Fed responded to the financial crisis by:
A. offering nearly unlimited short-term financing to any bank that suddenly found itself short on cash. B. increasing the interest rates to encourage people to save, so banks would have more money on hand to lend. C. doing nothing, and allowing the automatic stabilizers to bring the economy back to its long run equilibrium. D. reducing money supply.
Economists agree that income in the U.S. should be more equally distributed
Indicate whether the statement is true or false
Why do most economists favor emissions taxes over direct controls as a pollution deterrent?
Which tax rate measures the percent of your income paid in taxes?
a. the marginal tax rate b. the average tax rate c. progressive tax coefficient d. the excise tax rate