If the Lorenz Curve were used to graph the distribution of income in an economy where all households earn the exact same income, the graph would show a _____.
(A) Curved line and sloped diagonally upward.
(B) Straight line and sloped diagonally upward.
(C) Curved line and sloped diagonally downward.
(D) Straight line and sloped diagonally downward.
Ans: (B) Straight line and sloped diagonally upward.
Economics