The more bowed the Lorenz curve, the
A) richer the society.
B) more unequal the distribution of money income.
C) poorer the society.
D) more equal the distribution of income.
Answer: B
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George produces cupcakes. His production cost is $10 per dozen. He sells the cupcakes for $16 per dozen. His producer surplus per dozen cupcakes is
a. $6. b. $10. c. $16. d. $26.
What are the alternative views to the human capital theory with respect to the role of education?
What will be an ideal response?
The relative concept of poverty means that poverty will never be eliminated.
Answer the following statement true (T) or false (F)
______ is achieved when depreciation is subtracted from gross national product.
a. Personal income b. National income c. Net national product d. National domestic product