The _______ a Lorenz Curve Lies to (From) the 45-Degree

question 39

Multiple Choice

The _______ a Lorenz curve lies to (from) the 45-degree line, the _______ the distribution of income.

• A) further; more equal
• B) closer; less equal
• C) further; more unequal
• D) closer; better as far as economists are concerned.

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Definitions:

Halo Effect

Attributing a variety of positive qualities to those you like.

Horn Effect

Attributing a variety of negative qualities to those you dislike.

Recency Effect

Tendency to attend to the most recent information observed about another person in order to form or modify an impression.

Interpersonal Perception

Process of selecting, organizing, and interpreting your observations of other people.