Country A has a more equal distribution of income than country B if
A) country A's Lorenz curve is closer to the line of equality than is country B's Lorenz curve.
B) country B's Lorenz curve is closer to the line of equality than is country A's Lorenz curve.
C) country A's Lorenz curve is just as close to the line of equality as is country B's Lorenz curve.
D) country A's Lorenz curve lies below country B's Lorenz curve at low levels of income and above it at high levels of income.
E) None of the above because it is impossible to compare income inequalities across countries.
Correct Answer:
Verified
Q1: Lorenz curves are
A) horizontal.
B) vertical.
C) upward sloping.
D)
Q2: If all households in a nation receive
Q3: In the United States,the poorest 20 percent