7.The Lorenz curve (A) explains why some households have different incomes. (B) explains why income is equally distributed (C) graphically shows the degree of income inequality. (D) graphically shows the amount of wealth in a country.

11.The term consumer surplus refers to (A) the difference between the value of a good and the total paid for the good (B) the total value that a consumer places upon a good (C) the decreasing marginal utility that consumers receive from additional consumption of a good (D) the area between the demand curve and the horizontal axis.

7.The Lorenz curve (A) explains why some households have different incomes. (B) explains why income is equally distributed (C) graphically shows the degree of income inequality. (D) graphically shows the amount of wealth in a country.

其他試題

7.The Lorenz curve
(A) explains why some households have different incomes.
(B) explains why income is equally distributed
(C) graphically shows the degree of income inequality.
(D) graphically shows the amount of wealth in a country.