Please, answer these questions, and post your sources if you’ve found similar questions with answers. Thanks a lot!
The Lorenz curve portrays:
A) the functional distribution of income. C) the personal distribution of income.
B) the ratio of labor to capitalist income. D) income equality.
The equality-efficiency tradeoff suggests that:
A) welfare programs stimulate incentives to work.
B) inefficiencies result when income is transferred from rich to poor.
C) noncash transfers are superior to cash transfers.
D) economic growth is the best means of reducing poverty.