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

Author Question: The above figure shows the Lorenz curves for four different countries. Which of the following ... (Read 54 times)

B

  • Hero Member
  • *****
  • Posts: 570
The above figure shows the Lorenz curves for four different countries. Which of the following statements is FALSE?
 
  A) Country A has an income distribution that is not perfectly equal.
  B) Country D's income distribution is the most unequal of the four countries.
  C) The distribution of income is more unequal in country A than in country B.
  D) The distribution of income is more unequal in country D than in country C.

Question 2

Joe is contemplating a job where, with probability 0.6, he will make 100,000 and with probability 0.4 he will make 30,000. What is Joe's expected income from taking the job?
 
  A) 12,000
  B) 60,000
  C) 72,000
  D) 90,000



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mbcrismon

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

C

Answer to Question 2

C




B

  • Member
  • Posts: 570
Reply 2 on: Jun 29, 2018
Excellent


meganmoser117

  • Member
  • Posts: 303
Reply 3 on: Yesterday
Gracias!

 

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

For a complete list of videos, visit our video library