Peak efficiency _________ achieved under monopolistic competition.

Using the Lorenz curve, the degree of income inequality is measured by

a. The line connecting all points for which a given percentage of families receives exactly the cumulative percentage of income b. the distance of the Lorenz curve from the line of perfect equality c. the flat diagonal line that applies to a perfectly elastic demand curve d. the number of times the Lorenz curve crosses the line of perfect equality e. is derived by dividing the number of people below the poverty line by the total population

The government agency that provides insurance for all checkable deposits up to $100,000 in banks choosing its protection is the:

a. Federal Deposit Insurance Corporation. b. Federal Reserve. c. Office of Management and Budget. d. Treasury. e. Securities and Exchange Commission.