The farther the Lorenz curve from the line of perfect equality, the lower is the income inequality

a. True
b. False
Indicate whether the statement is true or false

False

Economics

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Empirical evidence from electric-power-producing firms suggests that

A) all electric-power-producing firms are natural monopolies. B) no electric-power-producing firms are natural monopolies. C) the largest electric-power-producing firms are natural monopolies. D) the smallest electric-power-producing firms are natural monopolies.

Economics

What is the most common type of business?

A) corporation B) partnership C) sole proprietorship D) They are equally represented because of federal laws.

Economics