A Statistical Tool Used to Measure Inequality Is

question 192

Multiple Choice

A statistical tool used to measure inequality is

• A)the Lorenz curve.
• B)the Gini coefficient.
• C)the absolute poverty rate.
• D)the relative poverty rate.

Distinguishing between various conservation biology terms and their applications.

Understanding the role of habitat corridors in conservation efforts.

Identifying the consequences of ozone depletion and the substances involved.

Recognizing the significance of protecting biodiversity within identified hotspots and reserves.

---

Definitions:

Purely Competitive

A market structure characterized by many buyers and sellers, free entry and exit, and a homogeneous product, leading to no single buyer or seller having control over prices.

Economic Profits

Economic profits refer to the excess income earned by firms after accounting for both explicit and implicit costs, serving as a measure of efficiency and profitability.

Creative Destruction

A process where new innovations lead to the demise of older technologies or businesses, driving economic growth and progress.

Internet

A global network of interconnected computer networks that enables users to share information and communicate over vast distances.