Author Question: In a Lorenz diagram for income, the line of equality shows A) the most equitable income ... (Read 59 times)

Chelseaamend · **on:** Jun 29, 2018

In a Lorenz diagram for income, the line of equality shows

A) the most equitable income distribution.
B) how unequally incomes are distributed.
C) how much redistribution occurs.
D) the income distribution if everyone received the same income.

Question 2

Because Jess didn't have the time to understand the issue, she did not vote on the amendment about clean energy. Jess's behavior demonstrates the economic principle of ________.

A) diminishing marginal utility
B) voting preferences
C) rational ignorance
D) minimum differentiation