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Author Question: Refer to the information provided in Figure 18.1 below to answer the question(s) that follow. Refer ... (Read 32 times)

KimWrice

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on: Apr 19, 2019

Question 1

Refer to the information provided in Figure 18.1 below to answer the question(s) that follow.










Refer to Figure 18.1. Suppose that the Lorenz curve ________. This would mean that the distribution of income is equal.


◦ was above the 45-degree line 
OB
◦ was below the 45-degree line 
OB
◦ was perfectly vertical
◦ was the same as the 45-degree line 
OB

Question 2

Refer to the information provided in Figure 18.1 below to answer the question(s) that follow.










Refer to Figure 18.1. Suppose that the Lorenz curve ran along the ________ to 100%, then became ________ to 100%. This would mean that only one family earned all the income.


◦ X-axis; vertical
◦ X-axis; horizontal
◦ Y-axis; vertical
◦ Y-axis; horizontal
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by KimWrice on Apr 19, 2019

huda

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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.
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KimWrice

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

frankwu0507

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Reply 3 on: Yesterday
Wow, this really help

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