For the United States, Lorenz curves show that A) income is ...

[Chloeellawright]

For the United States, Lorenz curves show that
 
  A) income is more equally distributed than wealth.
  B) income is less equally distributed than wealth.
  C) incomes have increased over time.
  D) blacks and Hispanics became better off in the 1990s.

Question 2

Because of the income effect, a higher wage rate
 
  A) shifts the supply of labor curve leftward.
  B) shifts the supply of labor curve rightward.
  C) leads to a decrease in quantity of labor supplied.
  D) leads to an increase in quantity of labor supplied.

[rachel]

Answer to Question 1

A

Answer to Question 2

C

[Chloeellawright]

YES! Correct, THANKS for helping me on my review

[shailee]

Great answer, keep it coming