In the above figure, the Lorenz curve for income is shown. If the data used are from the United States, and the U.S. Lorenz curve for wealth was added to the diagram, it would be
A) further from the line of equality than the Lorenz curve for income.
B) closer to the line of equality than the Lorenz curve for income.
C) above the line of equality.
D) the same as the Lorenz curve for income.
A
Economics
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A decrease in the marginal revenue product of land will: a. decrease the supply of land
b. increase the rental earnings from land. c. increase the price of land. d. decrease the demand for land.
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The theory that the wealthy should contribute more to police protection than the poor because they have more to protect is based on
a. the ability-to-pay principle. b. a consumption tax plan. c. the benefits principle. d. property tax assessments.
Economics