If the Gini coefficient increases to one,
a. the area between the Lorenz curves and the two sides of the right angle triangle, that is, the area below the Lorenz curve, increases
b. poverty levels are likely to decline
c. the area between the Lorenz curve and the diagonal decreases
d. income inequality increases
e. income equality increases
D
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Predictions of severe shortages due to impending natural resource depletion
a. are widely accepted by resource economists even though such predictions are a relatively new occurrence. b. have been wrong in the past, but most resource economists believe that the threat of resource depletion is now far more severe than ever before. c. are typically made without adequate recognition and consideration of resource price elasticities. d. typically assume that price elasticities are greater than they really are.
Utility analysis deals with
A. the consumption decisions of people based on utility maximization. B. the formation of tastes and preferences. C. the differences of tastes and preferences across individuals. D. how consumers determine the utility they receive from consumption.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, Point A necessarily represents
A. only hybrid cars being produced. B. an unattainable production point. C. what society wants. D. the economy's optimal production point.
Refer to the information provided in Figure 7.11 below to answer the question(s) that follow. 
Figure 7.11
Refer to Figure 7.11. The slope of the isocost line is
A. -2. B. -1/2. C. 1/2. D. 2.