The Lorenz curve shows
A) how poverty rates change over time.
B) the percentage of population below the poverty line.
C) the degree of inequality in the income distribution.
D) the ratio of cash income to payments-in-kind.
Answer: C
Economics
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The Fed influences the interest rate by using which of the following tools? i. open market operations ii. taxes on bank accounts iii. changes in required reserve ratios
A) i only B) ii only C) iii only D) Both i and iii E) i, ii and iii
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Adverse selection occurs when there is
A) full information. B) unobserved behavior. C) an unobserved characteristic. D) a worker who shirks because his boss does not watch him.
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