You have just purchased 100 shares of the stock of Microsoft Corporation. This places you in the role of

If the United States negotiates a voluntary export restraint with international sugar producing nations, then

A) U.S. sugar buyers pay a lower price for sugar. B) U.S. sugar producers produce a smaller quantity. C) imports of sugar increase. D) the U.S. government collects less revenue than if it imposed a tariff on sugar. E) the foreign governments collect more revenue than if a tariff is imposed on sugar.

Refer to the above figure. For which Lorenz curve does the richest 40 percent make 50 percent of the nation's money income?

A) A B) B C) C D) D