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Author Question: The above figure shows the Lorenz curves for four different countries. Which of the following ... (Read 40 times)

B

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on: Jun 29, 2018
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


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mbcrismon

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


B

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Reply 2 on: Jun 29, 2018
Excellent

tkempin

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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