Between 1929 and 2005 in the United States, the Lorenz curve became:

a. less bowed outward.
b. more bowed outward.
c. a straight line.
d. a downward-sloping curve.

a

Economics

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Jim has a choice between two jobs. Job A would pay him $15 an hour with certainty, and the job B is commission based where he could earn $12, with a 50% probability and $18 with a 50% probability. Which job would he choose?

a. Job A b. Job B c. Neither of the jobs d. He would choose to exit the labor market

Economics

Net taxes are: a. taxes plus transfer payments

b. taxes minus transfer payments. c. an injection into the economic system. d. consumption after taxes. e. government spending minus taxes.

Economics