The Lorenz curve is a geometric representation of
A) the profile of earnings for a "typical" family over time.
B) the standard of living experienced by the poor in a country.
C) the difference between pre-tax and post-tax income.
D) the distribution of income.
D
Economics
You might also like to view...
In the above figure, the most efficient way to produce 15 units is to hire
A) 2 workers. B) 3 workers. C) 4 workers. D) 5 workers.
Economics
If a firm can double inputs and, thereby, more than double output over the range of output the market demands, it is said to be experiencing
a. decreasing minimum efficient scale b. increasing returns to scale c. constant returns to scale d. decreasing returns to scale e. increasing long run average cost
Economics