The Figure Below Shows Two Lorenz Curves,Y and Z

question 29

Multiple Choice

The figure below shows two Lorenz curves,Y and Z. Figure 19.1
-According to Figure 19.1,which of the following is true?

• A)Line OXB is the line of perfect income inequality.
• B)Curve OYB represents a less equal distribution of income than curve OZB.
• C)Line AB represents a society in which wealth is shared equally among individuals.
• D)Line OXB is the line of perfect income equality.
• E)Line AB represents a society in which 50 percent of the population receives all the income.

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Definitions:

Guarantor

An individual or entity that agrees to be responsible for another's debt or performance under a contract if the original party fails to comply.

Statute of Frauds

A legal doctrine that requires certain types of contracts to be in writing and signed by all parties to be enforceable.

Statute of Frauds

A legal doctrine requiring certain contracts to be in writing to be legally enforceable.

Evidenced

Something that is made apparent or is provided as proof in support of an assertion, fact, or claim.