--%>

Limitation in Lorenz curve

A Lorenz Curve cannot be used to demonstrate scientifically how the: (w) income is distributed among members of society. (x) wealth is distributed in between members of society. (y) taxes alter the distribution of income. (z) income must be distributed fairly.

Hello guys I want your advice. Please recommend some views for above Economics problems.

   Related Questions in Microeconomics

  • Q : Problem concerning Exploitation I have

    I have a problem in economics on Problem concerning Exploitation. Please help me in the given question. Whenever resource suppliers are salaried less than the values of their marginal products [or VMPs], then they are stated to be: (i) Monopsonistic.

  • Q : Relative price of the good The demand

    The demand curve depicts a negative relationship among price and quantity demanded since the quantity demanded rises if there is a decline in the: (1) Size of the family. (2) Incomes of the consumer. (3) Relative price of good. (4) Price of the substitute good. <

  • Q : Find total revenue when relatively

    When the demand for Tantalizingly Tart Tangerine-ade of Tasty Toni is relatively price elastic, then Toni can boost her total revenue through: (w) raising her price. (x) keeping her price similar. (y) lowering her pri

  • Q : Social opportunity cost of resource

    Economic rent is: (w) income received by a factor owner in excess of the social opportunity cost of supplying the resource. (x) the difference between a firm’s revenues and the sum of the fixed and variable costs of production. (y) a form of eco

  • Q : Unlimited liability in a partnership

    The word ‘unlimited liability’ in the partnership signifies that a partner: (1) Pays to begin to the partnership, however can’t be held liable for additional/extra funds. (2) Can be held personally accountable for any and each of the partnership&rsqu

  • Q : Craft Unions problems I have a problem

    I have a problem in economics on Craft Unions problems. Please help me in the given question. The craft unions arrange all the workers: (i) In a given industry or firm, despite of skill or craft. (ii) In a specified craft, even when they work for dist

  • Q : Demand for loanable funds An increase

    An increase in the demand for loanable funds is reflected within an increase in the: (1) term structure of interest rates. (2) demand for money. (3) supply of bonds. (4) supply of money. (5) demand for bonds. I nee

  • Q : Excess in balance of trade When there

    When there is an excess in the balance of trade? Answer: When export > import (that is, when export is greater than import).

  • Q : Present consumption and future

    When interest rate increases, the cost of future consumption decreases?

  • Q : Income effect of a wage Can someone

    Can someone help me in finding out the right answer from the given options. When the income effect of a wage raise is more powerful than the substitution effect, then the:  (1) Labor supply curve will be ‘backward bending’. (2) Unemployment rate will