The Lorenz Curve Shows the

question 102

Multiple Choice

The Lorenz curve shows the

• A)functional distribution of income
• B)personal distribution of income
• C)relative percentage of income going to each of the resources
• D)demand for unskilled versus unskilled labor
• E)cumulative percentage of income received by cumulative percentages of households

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Definitions:

Passive Presidents

Refers to U.S. Presidents who are viewed as having taken a less active or assertive role in governance or policy-making.

Depression of 1893

A severe economic downturn in the United States that led to widespread unemployment, bank failures, and a contraction of the national economy.

Overexpansion

The rapid and often uncontrollable growth of a business, territory, or economy, which can lead to inefficiency, unmanageability, and financial problems.

American Railroads

A network of rail transport that significantly contributed to the economic development and westward expansion of the United States throughout the 19th and 20th centuries.