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In Economics, This number represents perfect equality. * a. 0 b. 1 c. -10 d. 100

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter15: Poverty And Economic Inequality

Section: Chapter Questions

Problem 24RQ: If a country had perfect income equality what would the Lorenz curve look like?

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Question

1. In Economics, This number represents perfect equality. *

a. 0

b. 1

c. -10

d. 100

2. In Economics, This number represents perfect inequality. *

a. 0

b. 1

c. -10

d. 100

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