The Lorenz Curve

question 11

Multiple Choice

The Lorenz curve

• A)indicates the distribution of income.
• B)may coincide with the 45º line.
• C)traces out the cumulative income shares.
• D)all of the these answers are correct.

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Definitions:

Equity

Refers to a body of law providing remedies that go beyond those offered by traditional common law, often aimed at fairness.

Legal System

The framework of rules, laws, and regulations, including the structures and processes set up to enforce them, governing a society.

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The highest trial court in British Columbia, Canada, that deals with significant civil and criminal cases.

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