This topic contains a solution. Click here to go to the answer

Author Question: In an economy where the poorest quintile of the population receives 5 percent of the income, the ... (Read 172 times)

future617RT

  • Hero Member
  • *****
  • Posts: 543
In an economy where the poorest quintile of the population receives 5 percent of the income, the Lorenz curve:
 a. is the diagonal of the box.
  b. lies below the diagonal in the box.
  c. lies above the diagonal in the box.
  d. is the lower right corner of the box.
  e. is the upper left corner of the box.

Question 2

Problems with the federal government budget process include:
 a. budgeting that allows the President too much discretion in spending decisions.
 b. budgeting that increases the flexibility of discretionary fiscal policy.
 c. a budget outline that needs to be approved with at least a two-thirds majority vote.
 d. most of the expenditures being for entitlement programs.
 e. a brief budgeting that does not allow Congress to study whether the budget is an appropriate tool for fiscal policy.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

blakcmamba

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

b

Answer to Question 2

d




future617RT

  • Member
  • Posts: 543
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


robbielu01

  • Member
  • Posts: 336
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

For a complete list of videos, visit our video library