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Author Question: Refer to the information provided in Figure 18.1 below to answer the question(s) that follow. Refer ... (Read 36 times)

@Brianna17

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on: Apr 19, 2019

Question 1

Refer to the information provided in Figure 18.1 below to answer the question(s) that follow.










Refer to Figure 18.1. Suppose that the Lorenz curve were the same as the 45-degree line OB. This would mean that


◦ the distribution of income is perfectly equitable.
◦ the distribution of income is completely inequitable.
◦ only one family earned all the income.
◦ the distribution of income is equal.

Question 2

Refer to the information provided in Figure 18.1 below to answer the question(s) that follow.










Refer to Figure 18.1. Suppose that the Lorenz curve ran along the horizontal axis to 100% of families, then became vertical to 100% of income. This would mean that


◦ the distribution of income is perfectly equitable.
◦ the distribution of income is completely inequitable.
◦ only one family earned all the income.
◦ the distribution of income is equal.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by @Brianna17 on Apr 19, 2019

Toya9913

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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@Brianna17

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

coreycathey

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Reply 3 on: Yesterday
Wow, this really help

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