When the Actual Lorenz Curve Is a 45-Degree Line, There

question 20

Multiple Choice

When the actual Lorenz curve is a 45-degree line, there is

• A)perfect income equality.
• B)perfect income inequality.
• C)a more equal distribution of income than before.
• D)a less equal distribution of income than before.
• E)the same distribution of income as before.

---

Definitions:

Restitution

A legal principle requiring a party who has unlawfully benefited at the expense of another to compensate the aggrieved party.

Lost Profits

Represent potential earnings that were not realized due to a breach of contract or other wrongful act.

Out-of-Pocket Rule

A legal principle used to calculate damages based on the actual direct losses and costs incurred by a plaintiff.

Misrepresents

To provide false or misleading representations about something, often with the intention to deceive.