If an economy has perfect equality (everyone earns the same income), the Lorenz curve for that economy will be Question 21 options: A horizontal line. A vertical line. A diagonal line. A curved line.
If an economy has perfect equality (everyone earns the same income), the Lorenz curve for that economy will be Question 21 options: A horizontal line. A vertical line. A diagonal line. A curved line.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter12: Income Distribution, Poverty, And Discrimination
Section: Chapter Questions
Problem 4SQ
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If an economy has perfect equality (everyone earns the same income), the Lorenz curve for that economy will be
|
A horizontal line. |
|
A vertical line. |
|
A diagonal line. |
|
A curved line. |
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