FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following best describes the line of absolute income inequality in a Lorenz curve? Which ofthe following best describes the line of absolute

Which of the following best describes the line of absolute income inequality in a Lorenz curve?

image text in transcribed
Which ofthe following best describes the line of absolute income inequality in a Lorenz curve? Select one: 0 a. It is horizontal because one person has all the wealth. O b. It has a slope of 30 degrees because greater rewards are given to more productive people. 0 c. It has a slope of 45 degrees because all income is perfectly uniform. 0 d. It is vertical because one person has all the wealth

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economics

Economics

Authors: David Colander

7th Edition

0073402869, 9780073402864

More Books

Students also viewed these Economics questions

Question

★★★★★
Show that if {v1, v2,..., vr} is a linearly dependent set of vectors in a vector space V, and if vr+1,..., vn are any vectors in V, then {v1, v2,..., vr, vr+1,..., vn} is also linearly dependent.

Answered: 1 week ago

Question

★★★★★
3.2. Show how you could use the LSE equations to solve Problem 3.1.

Answered: 1 week ago

Question

★★★★★
Let X be a random variable that follows the Nb(r, p) distribution. Show that for any positive integer k, the quantity Incidentally, the quantity ????[k] is called an ascending factorial moment of...

Answered: 1 week ago

Question

★★★★★
Suppose that an audit client objects to a given auditor because of his or her gender or race. Identify the alternative courses of action the auditors employer should consider taking in such a case....

Answered: 1 week ago

Question

★★★★★
After compiling your analysis, you develop the following annual cash flow amounts: Year 0 = (-$4,750): Year 1 = $980; Year 2 - $980; Year 3 = 5980; Year 4 = $980; Year 5 = $2,850. The CEO informs you...

Answered: 1 week ago

Question

★★★★★
A product whose EOQ is 40 experiences a decrease in holding cost from $16 per unit annually to $1. The revised EOQ is Group of answer choices sixteen times as large four times as large one-fourth as l

Answered: 1 week ago

Question

★★★★★
Zach D. (age 49, DOB: 1/7/1973, SSN: ) and Victoria L. (age 42, DOB: 4/1/1980, SSN: 421- 00-1019) Colby live in a townhouse located at 3842 Timber Creek Drive, Your City, Your State Your Zip. They...

Answered: 1 week ago

Question

★★★★★
ACME Inc. produces sunglasses at its factory. The following information relates to the production of the sunglasses for the period ending 30 June 2021. Production (Units) Sales (Units) Budgeted...

Answered: 1 week ago

Question

★★★★★
Write A Memo For The Following Scenario. Decide Who The Memo Should Be Sent To And What The Subject Of The Message Is. Add Your Own Information To The Body Of The Memo You Are An Administrative...

Answered: 1 week ago

Question

★★★★★
A teacher wants to figure out how quickly a student can complete routine adding and subtracting problems in one minute. which method of graphing would be most beneficial to help her determine which...

Answered: 1 week ago

Question

★★★★★
What is the DSM-5-TR Diagnosis for Clinical Case below? Clinical Case: Frazier Archer was a 34-year-old single white man who called a mood and personality disorders research program because an...

Answered: 1 week ago

Question

★★★★★
Decision Making Assignment Instructions John, President of Plastic Packaging (a small bottle manufacturing company located in western Massachusetts), has decided that downsizing is the solution to...

Answered: 1 week ago

Question

★★★★★
5. Which metaphors do you mainly use when talking about organizations and companies? What do these metaphors express about an organization or a company? Are there other metaphors that may be more...

Answered: 1 week ago

Question

★★★★★
4. Using the same examples you gave in question 3, try to identify circular sequences, i.e. A affects B, but B also affects A.

Answered: 1 week ago

Question

★★★★★
6. Give three examples that nothing (doing nothing) can function as a cause.

Answered: 1 week ago

Previous Question Next Question