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

Author Question: If all households in a nation receive the same income, the nation's Lorenz curve (Read 76 times)

schs14

  • Hero Member
  • *****
  • Posts: 569
on: May 24, 2019
If all households in a nation receive the same income, the nation's Lorenz curve
◦ is horizontal.
◦ is vertical.
◦ is a 45° line.
◦ runs along the horizontal axis until it reaches 50 percent of households and then runs vertically up to 100 percent of income.
◦ runs along the horizontal axis until it reaches 100 percent of households and then runs vertically up to 100 percent of income.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by schs14 on May 24, 2019

mrphibs

  • Sr. Member
  • ****
  • Posts: 307
Reply #1 on: May 24, 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 56% of students answer this correctly


schs14

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: May 24, 2019
Thanks


mrphibs

  • Sr. Member
  • ****
  • Posts: 307
Reply #3 on: May 24, 2019
Welcome :)


« previous next »
 

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

The average adult has about 21 square feet of skin.

Lorenz Lorenz
Worldwide Variations in Population and Income Levels Worldwide Variations in Population and Income Levels
Mark Twain supplemented his income as a writer by giving humorous lectures. Mark Twain supplemented his income as a writer by giving humorous lectures.
Battle scene from The Birth of a Nation, directed by D. W. Griffith. Battle scene from The Birth of a Nation, directed by D. W. Griffith.
Income per Capita versus Inequality Income per Capita versus Inequality
The Frequency Distribution Curve of a Drug The Frequency Distribution Curve of a Drug
Video: Michaelis–Menten equation & Kinetic parameters

For a complete list of videos, visit our video library