The Lorenz curve
A) indicates the distribution of income.
B) may coincide with the 45º line.
C) traces out the cumulative income shares.
D) all of the these answers are correct.
Correct Answer:
Verified
Q4: The percentage of children living in low
Q5: The income share of the top 1
Q6: If individuals are altruistic then their utility
Q7: Ethics play a role in income redistribution.
A)True
B)False
C)Uncertain
Q8: Taking into account the utility of all
Q10: Market income should always be used when
Q11: The low income rate in Canada has
Q12: Some important sources of income are excluded
Q13: In a public goods context, it is
Q14: Social welfare functions require that a society
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