Figure 332 Illustrates Lorenz Curves for Four Different Economies

question 124

Multiple Choice

Figure 33.2 illustrates Lorenz curves for four different economies. For which economy would the lowest 20 percent of families receive the smallest share of total income?

• A)A.
• B)B.
• C)C.
• D)D.

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Definitions:

Standard of Proof

The level of certainty and the degree of evidence necessary to affirm a decision in criminal or civil proceedings.

Civil Action

A legal proceeding in which a person seeks to resolve a non-criminal dispute or claim against another party in a court of law.

Criminal Trial

A Criminal Trial is a legal process in which an accused person is tried in a court, judged by a jury or judge, and either found guilty or acquitted based on the evidence presented.

Civil Trial

A legal process in which a court determines the resolution of a dispute between parties involving non-criminal matters.