Author Question: In the figure above, the Lorenz curve that shows the richest 20 percent of households receiving 80 ... (Read 66 times)

jlmhmf · **on:** Jun 29, 2018

In the figure above, the Lorenz curve that shows the richest 20 percent of households receiving 80 percent of all income is

A) curve A.
B) curve B.
C) curve C.
D) curve D.

Question 2

When a nation has a comparative advantage in the production of a particular good

A) the nation tends to avoid specialization.
B) the comparative advantage encourages self-sufficiency.
C) the opportunity cost of producing that good is higher than that of other goods.
D) the nation can gain from trade.