Would the lorenz curve for the world be more or less bowed


1. Should poverty be defined absolutely or relatively? Why?

2. How does social mobility in the United States compare to that in Britain? Why do you think this is so?

3. Would the Lorenz curve for the world be more or less bowed out compared to the Lorenz curve for the United States?

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Econometrics: Would the lorenz curve for the world be more or less bowed
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