If a Lorenz curve were constructed for the distribution of wealth, the curve would
a. indicate greater inequality for wealth than income.
b. indicate less inequality for wealth than income.
c. be identical to the Lorenz curve for income.
d. be a straight line from the origin.
c. be identical to the Lorenz curve for income.
Economics
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If a customer deposits $300 cash in a checking account, the bank's:
a) liabilities increase by $300. b) assets decrease by $300. c) liabilities decrease by $300. d) liabilities stay the same.
Economics
Which of the following will cause an increase in the marginal product of capital (MPK)?
A) a decrease in the quantity of labor in use B) an increase in labor productivity C) a decrease in the quantity of capital in use D) all of the above E) none of the above
Economics