The _______ a Lorenz Curve Lies to (From) the 45-Degree

question 39

Multiple Choice

The _______ a Lorenz curve lies to (from) the 45-degree line, the _______ the distribution of income.

• A) further; more equal
• B) closer; less equal
• C) further; more unequal
• D) closer; better as far as economists are concerned.

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Definitions:

Human Capital

The skills, knowledge, experiences, and abilities possessed by individuals, regarded as assets to an organization or country.

Social Capital

The networks, relationships, and connections among people that can be economically valuable and facilitate cooperation and coordination.

Process Reliability

The likelihood that a process will perform without failure under specified conditions for a given period of time.

Efficiency

The ability to achieve a goal or perform a task with the least waste of resources, including time, energy, and materials.