If new firms enter a monopolistically competitive industry, the demand facing a typical firm increases

If policymakers in an open economy want to increase the wealth of their citizens, should they seek to increase saving, or to increase investment? Explain

What will be an ideal response?

All of the following are criticisms of the Lorenz curve analysis EXCEPT

A) income-in-kind is not figured in. B) the inequality gap is not an issue that economists study. C) different sizes of households are ignored. D) it does not take into consideration lifetime earnings.