The Lorenz Curve

question 271

Multiple Choice

The Lorenz curve

• A) shows what portion of the population are living in poverty and what portion are living in wealth.
• B) shows what portion of total money income is accounted for by different proportions of the nation's households.
• C) shows what portion of the population is working as professionals, white- and blue-collar, workers and workers at menial tasks.
• D) breaks down the income levels of each group in the economy.

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Definitions:

Remedial Seniority

A legal or policy provision granting certain employees priority in job reinstatement or promotion, often as a remedy in discrimination or labor disputes.

Compensatory Damages

Money awarded to a plaintiff as reimbursement for her or his losses; based on the amount of actual damage or harm to property, lost wages or profits, pain and suffering, medical expenses, disability, and so on.

Disparate-Treatment Discrimination

A form of discrimination where an individual is treated less favorably than others based on a protected characteristic.

Title VII

A segment of the 1964 Civil Rights Act that bars discrimination in the workplace on the grounds of race, skin color, faith, gender, or national background.