Multiple Choice
If the income distribution is more unequal than the wealth distribution, then the
A) Lorenz curve for income will be further away from the line of equality than the Lorenz curve for wealth.
B) Lorenz curve for wealth will lie above the Lorenz curve for income.
C) Lorenz curve for wealth will be further away from the line of equality than the Lorenz curve for income.
D) government has imposed a higher tax rate on income.
E) it is not possible to draw the Lorenz curves for wealth and income in the same figure.
Correct Answer:

Verified
Correct Answer:
Verified
Q43: The higher the cost of acquiring skills,
Q44: High-skilled workers earn more than low-skilled workers
Q45: Inequality in the distribution of income and
Q46: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -The above table
Q47: The median voter theory predicts income redistribution
Q48: In Australia the income tax system is<br>A)
Q49: Which of the following statements is true
Q51: Unemployment benefits<br>A) redistribute income.<br>B) are distributed by
Q52: The factor that leads to the LARGEST
Q53: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -Which of the