The diagram that represents how income is distributed among members of a population is known as a(n):

a. indifference curve.
b. Laffer curve.
c. Edgeworth box.
d. Lorenz curve.
e. Phillips curve

d

Economics

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As a shoe factory adds more workers, shoe production grows, reaches a maximum, and then shrinks

In a diagram that has the number of workers on the horizontal axis and the number of shoes on the vertical axis, the relationship between the number of workers and the number of shoes starts as ________ and then, after the maximum point, is ________. A) negative; positive B) positive; linear C) positive; negative D) positive; nonexistent E) linear; negative

Economics

If the number of people unemployed is 100, the number of people employed is 1000, and the working-age population is 1400, then the labor force participation rate is

A) 78.6 percent. B) 71.4 percent. C) 64.3 percent. D) 66.6 percent.

Economics