If the Lorenz Curve were used to graph the distribution of income in an economy where all households earn the exact same income, the graph would show a straight line and sloped diagonally upward
Answer: Option C
<u>Explanation:
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Max Lorenz had developed Lorenz Curve in the year 1905 which represents graphically the income or wealth inequality in a given population. A diagonal and straight line representing parity in distribution of income, which, accompanies the Lorenz curve.
The area between curved line and the straight line showing the ratio of that area represents the inequality in the distribution of income in the population. Greater the difference between the straight line and the curve, higher is the inequality among the people with regards to the distribution of income in the economy.
Answer:
Stereotype Replacement
Explanation:
Stereotypes are widely held beliefs about a person or thing that may not be true. Stereotype replacement is the act of replacing an automatic stereotype about a person or thing with a new automatic response that is not stereotyped. For example, a child says, "I got a new car for my graduation!" Then the listener says, "Wow! That's good news. Your dad has done well." Then the child says, "No, my mom bought the car." The listener senses that he had an automatic stereotyped response because he believed that fathers are the main providers and only a father will buy a car for his child.
The listener corrects this response by replying with a new non-stereotyped response.
Answer:
It's <em>B. Conciliation </em>
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Explanation:
Answer:
increases in taxes.
Explanation:
The Federal Reserve buys and sells government securities to control the money supply and interest rates. This activity is called open market operations. To increase the money supply, the Fed will purchase bonds from banks, which injects money into the banking system. It will buy bonds to reduce the money supply, increasing the taxes of the people.
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