If country A's Lorenz curve dominates country B's,it means:
A) inequality is worse in country A than in country B.
B) inequality is worse in country B than in country A.
C) country B's Lorenz curve is above country A's.
D) country A is richer than country B on average.

Question

Quizplus · Accepted Answer

CWhen one country's Lorenz curve dominates another's, it means that the dominating country has a more equitable distribution of income. Therefore, inequality is worse in the country with the dominated Lorenz curve (B), and the dominating curve (country A's) is above the other in the graphical representation (C).

If Country A's Lorenz Curve Dominates Country B's,it Means