The Lorenz curve shows
a. that income is unevenly distributed.
b. that income is normally distributed.
c. how income is distributed.
d. that income is distributed according to talent and abilities.
c. how income is distributed.
You might also like to view...
The president of a poor country has announced that he will implement the following measures that he claims are designed to increase growth: 1 . Reduce corruption in the legal system; 2 . Reduce reliance on market forces because they allocate goods and services in an unfair manner; 3 . Restrict investment in domestic industries by foreigners because they take some of the profits out of the
country; 4 . Encourage trade with neighboring countries; and 5 . Increase the fraction of GDP devoted to consumption. How many of these measures will have a positive effect on growth? a. 1 b. 2 c. 3 d. 4
Public goods are any goods provided by units of local, state, or federal governments.
Answer the following statement true (T) or false (F)
Under a fixed exchange standard, if the domestic demand for foreign exchange increases,
A) the central monetary authority must meet the demand out of its reserves. B) the central monetary authority must increase the supply of domestic money. C) the fixed exchange standard will breakdown. D) inflation will increase.
Engineers for the Off Road Skateboard Company have determined that a 10% increase in all inputs will cause output to increase by 5%. Assuming that input prices remain constant, you correctly deduce that such a change will cause ________ as output increases.
A. average costs to increase B. total cost to decrease C. average costs to decrease D. average fixed costs to increase