All of the following are criticisms of the Lorenz curve EXCEPT
A) The Lorenz curve does not include in-kind transfers.
B) The Lorenz curve does not account for age differences.
C) The Lorenz curve does not account for differences in the sizes of families.
D) The Lorenz curve does not account for differences in education levels.
Answer: D
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a. True b. False Indicate whether the statement is true or false
The primary purpose of NAFTA is to
A. Ensure that there are no losers as the result of trade agreements between Mexico, Canada, and the United States. B. Encourage the development of the Mexican and Canadian economies at the expense of U.S. workers and consumers. C. Increase income in Mexico, Canada, and the United States by encouraging free trade. D. Protect U.S. and Canadian workers from unfair competition from Mexico.
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A market where individual firms cannot affect the market price of their good is most likely:
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