Examlex

Solved

-Using the Table Provided Above to Construct Lorenz Curves Representing

question 254

Multiple Choice

  -Using the table provided above to construct Lorenz curves representing 1990 and 2011, what do you discover and how is this interpreted? A)  The Lorenz curve for 1990 is further away from the line of equality than the curve for 2011. This means that inequality is decreasing. B)  The Lorenz curve for 1990 is further away from the line of equality than the curve for 2011. This means that inequality is increasing. C)  The Lorenz curve for 2011 is further away from the line of equality than the curve for 1990. This means that inequality is increasing. D)  The Lorenz curve for 2011 is further away from the line of equality than the curve for 1990. This means that inequality is decreasing.
-Using the table provided above to construct Lorenz curves representing 1990 and 2011, what do you discover and how is this interpreted?


Definitions:

Mail Fraud Act

Legislation criminalizing the use of the postal service to commit fraudulent acts.

White-Collar Criminals

Individuals who commit crimes through non-violent means, typically involving fraud, embezzlement, or other forms of financial misconduct, often within their occupation.

Economic Espionage Act

A U.S. law that makes it a federal crime to steal or obtain trade secrets knowingly to benefit any foreign power.

Arson

The criminal act of deliberately setting fire to property.

Related Questions