1) The graph shows the cumulative percentage of total income received by the populations in four countries: P, B, R, and O. Use the graph to answer thequestions.

The table shows the demand and supply for cocoa beans in two countries: Cameroon and Nigeria. Use the information in the table to answer the questions. Price ($) per pound (1b) of cocoa beans Price ($/1b) Cameroon quantity Cameroon quantity Nigeria quantity Nigeria quantity demanded (lb) supplied (Ib) demanded (1b) supplied (Ib) 8 180 500 155 210 7 200 460 180 180 6 250 410 200 160 5 280 360 220 140 320 320 240 125 3 350 280 260 115 What would be the equilibrium price and quantity in Cameroon and Nigeria if free trade existed between the two countries? price, Cameroon: $ quantity demanded, Cameroon: 1b price, Nigeria: $ quantity demanded, Nigeria:The table provides data on percentage of total income earned by quintile in two communities, Malaya and Carribea. Community Q2 Q3 Q4 Q5 Malaya 8% 14% 18% 22% 38% Carribea 3% 10% 15% 24% 48% Using the data, manipulate the line segment in the graph to plot the Lorenz curve for Malaya. Malaya Carribea 100 100 96 O 96 92- 88 Percent of Total Income (%) Percent of Total Income (9%) 05 05 04 04 03 03 45-degree line Q2 45-degree line 02 20 40 60 80 100 0 20 40 60 80 100 Percent of Population (%) Percent of Population (%) Incorrect IncorrectConsider the Lorenz curves illustrated in the graph. There are three curves: Equality, O, and B. Assume one of these curves is showing the standard U.S. income distribution. Assume another is showing the U.S. income distribution adjusted for taxes and transfer payments. Which of the curves in the graph shows the U.S. income distribution adjusted for taxes and transfer payments? 0 O and B O B O Equality O Equality and O O Equality and B O 0 Which program does not make income in the United States more equally distributed? 0 Medicaid 0 Progressive income tax 0 Social Security 0 Medicare 0 None of the above improve income equality. 0 All of the above improve income equality. [name 100% 8'] ISO Eqmmy 100 Families The American Community Survey {ACS) is an ongoing nationwide survey conducted by the United States Census Bureau. The ACS provides data on income levels classied by race, gender, educational attainment, employment status and housing characteristics, among other categories. This data is used by many organizations, both public and private, to allocate funds and assess the changing conditions in local communities. According to the ACS, poverty rates in the United States are ,. for part-time workers than they are for fulltime workers. According to the ACS, poverty rates in the United States are ,. for black individuals than they are for white individuals. Suppose that the least expensive plan with which a family of four can provide itself a nutritionally balanced meal plan in l963 is $802. Given this information, what is the poverty threshold in 1963 for a family of four? poverty threshold: 5 The country of Littleland has ten working households. The annual wages for each household are shown in the table. Smith Chan Rodriguez Molina Perkins O'Brien Byrne Ling Jones Mason $49,000 | $23,000 $42,000 $120,000 $17,000 $57,000 $36,000 $200,000 $70,000 $81,000 Use the information in the table to calculate the share of aggregate income for each fifth (quintile) of the working households in Littleland. (Give your answer to the nearest whole percentage.) lowest quintile: % second quintile: % third quintile: fourth quintile: % highest quintile:The graph depicts the market for oil, with the assumption that the United States can import any amount of oil it chooses at the world free trade price. Adjust the graph to reect what happens when a 50% import tax is imposed on oil. Approximately how many million barrels are imported before the tax is imposed? imported oil: :] million barrels Approximately how many million barrels are imported after the tax is imposed? imported oil: C] million barrels Price of oil ($) 100 - 90- Demand Supply 30' 70- 60- 50- 40' 30 20 Import price 10- 0 D12 3 4 5 6 i" 8 91D1112131415161T1B1920 Quantity of crude oil (millions of barrels}