-The Lorenz Curves in the Above Figure Imply That

question 221

Multiple Choice

-The Lorenz curves in the above figure imply that

• A) income is distributed more unequally than wealth.
• B) wealth is distributed more unequally than income.
• C) both wealth and income are distributed equally.
• D) both wealth and income are distributed at the same level of inequality.

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Definitions:

Fourteenth Amendment

An amendment to the United States Constitution that grants citizenship to all persons born or naturalized in the USA, including former slaves, and guarantees all citizens equal protection of the laws.

Same Sex Marriages

Legal unions between two individuals of the same gender, recognized by law in some jurisdictions.

Procedural Due Process

A legal principle requiring government actions against individuals to follow fair procedures to protect rights.

Real Property

Refers to land and anything permanently attached to it, such as buildings, also including rights and interests in the property.