The closer an income Lorenz curve is to the line of equality, the
A) slower income is growing.
B) more equally income is distributed.
C) less equally income is distributed.
D) faster income is growing.
B
Economics
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Refer to the figure above. If the monopolist faces a constant marginal cost of $10, what is the optimal quantity that it should produce?
A) 20 units B) 30 units C) 40 units D) 80 units
Economics
Which theory explains the fact that some firms may choose to pay their employees more then they would earn as determined by equilibrium in the labor market?
a. the theory of efficiency wages b. the marginal-productivity theory c. human-capital theory d. signaling theory
Economics