As Income Becomes More Equally Distributed, the Lorenz Curve ________

question 12

Multiple Choice

As income becomes more equally distributed, the Lorenz curve ________ and ________.

• A) moves further down to the right; the shaded area increases
• B) moves further up to the left; the shaded area decreases
• C) moves further up to the left rising above the 45 degree line; the shaded area increases
• D) moves further down to the right; the shaded area decreases

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Definitions:

Performance Goals

Are specific, measurable objectives set by individuals or teams to achieve within a particular time frame to improve their current level of performance.

Energize

To give vitality and enthusiasm to a person or group, motivating them towards achieving their goals or tasks.

Cognitive Skills

The mental capabilities involved in processing information, problem-solving, decision making, and learning.

Theory

A set of principles intended to explain behavioral phenomena in organizations.