-The Above Figure Shows the Lorenz Curves for Four Different

question 158

Multiple Choice

-The above figure shows the Lorenz curves for four different countries. Which of the following statements CAN be made on the basis of the graph?

• A) Country C has the best balance between equity and efficiency.
• B) Country A is a socialist country.
• C) The income distribution is more equal in country B than in country D.
• D) all of the above

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Definitions:

Specific Gravity

A measurement of the density of a substance compared to water. Specific gravity tests are performed on battery acid and coolant.

Model Year

The year assigned to a vehicle by its manufacturer indicating the marketing period it was made for, which may not necessarily coincide with the year it was manufactured.

Vehicle Identification Number

A unique code, including a serial number, used by the automotive industry to identify individual motor vehicles.

Tenth Digit

In the context of vehicle identification numbers (VIN), the tenth digit represents the model year of the vehicle.