True or False: The Lorenz curve is used to measure income inequality.

Question and answer

The Lorenz curve is used to measure income inequality. TRUE.

Question

Asked 22 days ago|6/22/2025 1:40:09 PM

Updated 22 days ago|6/22/2025 1:59:08 PM

4 Answers/Comments

Get an answer

Search for an answer or ask Weegy.

New answers

Rating

alfred123

The Lorenz curve is used to measure income inequality. TRUE.

Added 22 days ago|6/22/2025 1:58:51 PM

This answer has been confirmed as correct and helpful.

@gary V

The Lorenz curve is used to measure income inequality. TRUE.

Added 22 days ago|6/22/2025 1:59:02 PM

This answer has been confirmed as correct and helpful.

MsAnnabel

The Lorenz curve is used to measure income inequality. TRUE.

Added 22 days ago|6/22/2025 1:59:08 PM

This answer has been confirmed as correct and helpful.

mofrey

The Lorenz curve is used to measure income inequality. TRUE.

Added 22 days ago|6/22/2025 1:58:53 PM

This answer has been confirmed as correct and helpful.

Confirmed by alfred123 [6/22/2025 1:58:59 PM]

Comments

There are no comments.

Add an answer or comment

Questions asked by the same visitor

Which of the following is a characteristic of monopolistic competition? A) Many sellers and identical products B) Few sellers and differentiated products C) Many sellers and differentiated products D) One seller with a unique product

Weegy: Many sellers and differentiated products is a characteristic of monopolistic competition. (More)

Question

Expert Answered

Asked 22 days ago|6/22/2025 1:21:57 PM

0 Answers/Comments

The primary goal of a firm in a perfectly competitive market is: A) Maximize total revenue B) Minimize costs C) Maximize profit D) Maximize market share

Weegy: The primary goal of a firm in a perfectly competitive market is: Maximize profit. (More)

Question

Expert Answered

Updated 22 days ago|6/22/2025 1:45:29 PM

0 Answers/Comments

Which of the following best describes a "public good"? A) A good that is excludable but not rival in consumption B) A good that is rival in consumption but not excludable C) A good that is both non-excludable and non-rivalrous D) A good provided only by private firms

(More)

Question

Not Answered

Updated 22 days ago|6/22/2025 1:46:14 PM

1 Answer/Comment

alfred123

A good that is both non-excludable and non-rivalrous. - best describes a "public good".

Added 22 days ago|6/22/2025 1:46:14 PM

This answer has been confirmed as correct and helpful.

If the demand for a product increases, and supply remains unchanged, what will happen to the equilibrium price? A) It will fall B) It will rise C) It will stay the same D) It will become unstable

(More)

Question

Not Answered

Updated 22 days ago|6/22/2025 1:48:17 PM

2 Answers/Comments

mofrey

If the demand for a product increases while supply remains unchanged, the equilibrium price will rise.

Added 22 days ago|6/22/2025 1:48:15 PM

This answer has been confirmed as correct and helpful.

Confirmed by oldwallet [6/22/2025 1:48:55 PM]

MsAnnabel

If the demand for a product increases, and supply remains unchanged, It will rise happen to the equilibrium price.

Added 22 days ago|6/22/2025 1:48:17 PM

This answer has been confirmed as correct and helpful.

A decrease in the supply of a good, with demand unchanged, will lead to: A) A decrease in equilibrium price B) An increase in equilibrium price C) No change in equilibrium price D) A decrease in quantity demanded

(More)

Question

Not Answered

Updated 22 days ago|6/22/2025 1:46:48 PM

1 Answer/Comment

MsAnnabel

A decrease in the supply of a good, with demand unchanged, will lead to an increase in equilibrium price.

Added 22 days ago|6/22/2025 1:46:48 PM

This answer has been confirmed as correct and helpful.

40,007,851

questions answered

Get answers from Weegy and a team of really smart live experts.

Popular Conversations

What is the typical presentation of Meniere's disease? A) Tinnitus, ...

7/10/2025 12:46:15 PM| 4 Answers

The risk-free rate is best represented by the yield on: a) Corporate ...

7/11/2025 2:29:51 PM| 4 Answers

Change each fraction to a percent. 6/100

Weegy: 75% = 3/4 User: 3/8 Weegy: 3 * 8 = 24 User: Change each fraction to a percent. 3/8 Weegy: 75% = 3/4 ...

7/12/2025 3:31:41 AM| 4 Answers

a sentence is a fragment or incomplete sentence if it lacks a

Weegy: A sentence is a fragment or incomplete sentence if it lacks a subject, a verb, or both. User: Which ...

7/13/2025 6:49:22 PM| 4 Answers

Change each fraction to a percent

Weegy: 75% = 3/4 User: 6/100 change each fraction to a percent Weegy: 75% = 3/4 User: 3/8 Weegy: 3 * 8 = 24 ...

7/14/2025 3:36:09 AM| 4 Answers

Which of the following best explains "market capitalization"? A) The ...

7/8/2025 10:21:10 AM| 3 Answers

Which of the following is an example of a financial derivative? A) ...

7/8/2025 10:22:08 AM| 3 Answers

The "spread" in bond markets generally refers to: A) The difference ...

7/8/2025 10:22:28 AM| 3 Answers

The "liquidity preference theory" suggests that: A) Investors prefer ...

7/8/2025 10:22:35 AM| 3 Answers

Which organization accredits nursing education programs in the United ...

7/8/2025 10:43:44 AM| 3 Answers

The concept of 'scope of practice' defines: A) The legal boundaries ...

7/8/2025 11:01:41 AM| 3 Answers

Which element is essential for effective communication in nursing? A) ...

7/8/2025 11:02:39 AM| 3 Answers

WINDOWPANE is the live-streaming app for sharing your life as it happens, without filters, editing, or anything fake.

Because you're already amazing.

Connect with others, with spontaneous photos and videos, and random live-streaming. Post thoughts, events, experiences, and milestones, as you travel along the path that is uniquely yours.

Share your world.