Author Question: The figure shows two Lorenz curves. Suppose both Lorenz curves measure income. Lorenz curve A shows ... (Read 445 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?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

For a complete list of videos, visit our video library