In a Lorenz Curve, Perfect Income Equality Is Represented by

question 252

Multiple Choice

In a Lorenz curve, perfect income equality is represented by

• A) a vertical line.
• B) a horizontal line.
• C) a rectangular hyperbola.
• D) a 45-degree line originating from the origin.

---

Definitions:

UCC

A vast array of regulatory provisions for commercial transactions in the United States is constituted within the Uniform Commercial Code.

Incidental Beneficiaries

Third parties who might benefit from a contract incidentally but have no enforceable rights in that contract.

Intended Third-Party Beneficiaries

Individuals or groups not directly involved in a contract who are nevertheless intended by the contracting parties to benefit from the contract's performance.

Creditor Beneficiaries

Individuals or entities that benefit from a contract made between two other parties, particularly in their capacity to receive a debt payment.