The Lorenz curve and the Gini coefficient are different in that the Lorenz curve
a. includes income earned in foreign countries while the Gini coefficient only includes domestic income
b. is much more accurate a reflection of income distribution than the Gini coefficient
c. is a graphic representation and the Gini coefficient is a numerical measurement of income distribution
d. includes income from government programs while the Gini does not
e. compares different countries while the Gini only reflects data within a country
C
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
If a firm is using optimal input proportions, it is minimizing its costs.
Answer the following statement true (T) or false (F)
Which is NOT an example of signaling high quality in a social setting
a. wearing a business suit on a job interview b. leaving a big tip for the waiter after a dinner date c. offering an expensive engagement ring to your bride d. Doing messy chores before a big date
Suppose there are 100 firms each with a short run total cost of STC = q2 + q + 10, so that marginal cost is MC = 2q +1 . If market demand is given by QD = 1050 ? 50P, what is the equilibrium price?
a. 5 b. 10 c. 11 d. 50