Author Question: The figure shows two Lorenz curves. Suppose both Lorenz curves measure income. Lorenz curve A shows ... (Read 443 times)

mwit1967

  • Hero Member
  • *****
  • Posts: 501
The figure shows two Lorenz curves. Suppose both Lorenz curves measure income. Lorenz curve A shows ________ Lorenz curve B.
 
  A) income is more equally distributed than the income shown in
  B) income is less equally distributed than the income shown in
  C) the first quintile earns less income than the first quintile earned in
  D) the fifth quintile earns more income than the fifth quintile earned in

Question 2

In the foreign exchange market, if the demand for dollars permanently decreases, the Fed can maintain the exchange rate at its old equilibrium level indefinitely by buying dollars.
 
  Indicate whether the statement is true or false



ynlevi

  • Sr. Member
  • ****
  • Posts: 338
Answer to Question 1

A

Answer to Question 2

FALSE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

For a complete list of videos, visit our video library