This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: As income becomes more unequally distributed, the Lorenz curve ________ and ________. (Read 34 times)

Engineer

  • Hero Member
  • *****
  • Posts: 527
on: Apr 19, 2019

Question 1

An equal distribution of income would yield a Lorenz curve that is a


◦ line lying directly on the horizontal axis.
◦ line lying directly on the vertical axis at 0%.
◦ 45-degree line between 0 and 100%.
◦ line lying directly on the vertical axis at 100%.

Question 2

As income becomes more unequally distributed, the Lorenz curve ________ and ________.


◦ moves further down to the right; the shaded area increases
◦ moves further up to the left; the shaded area decreases
◦ moves further up to the left, rising above the 45 degree line; the shaded area increases
◦ moves further down to the right; the shaded area decreases
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Engineer on Apr 19, 2019

lorealeza77

  • Sr. Member
  • ****
  • Posts: 356
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


Engineer

  • Member
  • Posts: 527
Reply 2 on: Apr 19, 2019
Excellent

mcabuhat

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Oxygen dissociation curve Oxygen dissociation curve
Women who are 65 and older have a lower median income from all sources than men in the same age ... Women who are 65 and older have a lower median income from all sources than men in the same age ...
Human photopic (cone) and scotopic (rod) spectral sensitivity curves. The peak of each curve has ... Human photopic (cone) and scotopic (rod) spectral sensitivity curves. The peak of each curve has ...
Ten Leading Causes of Death in Low-Income Countries, 2008 Ten Leading Causes of Death in Low-Income Countries, 2008
Income per Capita versus Inequality Income per Capita versus Inequality
How an Increase in Income Inequality Affects the Desired Tax Rate How an Increase in Income Inequality Affects the Desired Tax Rate
Video: The Lagging Strand in DNA Replication and Replication in Action

For a complete list of videos, visit our video library