Use the Following Table,which Represents the Distribution of Income in the Countries

question 80

Multiple Choice

Use the following table,which represents the distribution of income in the countries of Mircalla and Baldovinia,to answer the following questions:

-What is the degree of income inequality in Mircalla?

• A) .05
• B) 0.5
• C) 5
• D) 50
• E) 500

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Definitions:

Sale Of Goods Act

Legislation that regulates the sale of goods, ensuring certain standards of quality and fitness for purpose among other sales rights and duties.

Consumer Protection Legislation

Laws and regulations designed to ensure the rights of consumers are protected and to promote fair trade, competition, and accurate information in the marketplace.

Consumer Protection Legislation

Laws enacted to ensure the rights of consumers are protected, aiming to prevent businesses from engaging in fraud or specified unfair practices.

Caveat Emptor

A Latin phrase meaning "let the buyer beware," indicating that the buyer assumes the risk regarding the quality and condition of the product being purchased.