If income among households were evenly distributed, the Lorenz curve:
a. would be vertical.
b. would be horizontal.
c. would be nonlinear.
d. would be a straight line with a slope of one.
d
Economics
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A union can influence the demand for labor by:
a. requiring union fees. b. raising union fees. c. effective advertising that convinces customers to buy the "union label." d. all of these.
Economics
When prices rise, the interest rate:
A. tends to rise. B. tends to fall. C. is usually not affected. D. will rise if the wealth effect outweighs the price effect.
Economics