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.

View Complete Question

Related Questions in Microeconomics

Q : Problem on production costs I have a

I have a problem in economics on Problem on production costs. Please help me in the following question. From the viewpoint of sellers, the market demand for the good mainly based least on: (i) Consumer preferences and tastes. (ii) Income and its distr

Q : What is fiscal deficit Fiscal deficit :

Fiscal deficit: When the total government expenses are more than total government receipts exclusive of borrowing it is termed as fiscal deficit. Fiscal deficit = Total Government Expenditure – Tot

Q : Bargaining model settlement range

settlement range between management and the trade union

Q : Occupational Licensing The capability

The capability of otherwise skilled workers to engage in specific careers or enter some professions is most likely most inhibited by: (1) Occupational licensing. (2) Wage discrimination. (3) Segregation in school system. (4) Signaling and screening. (5) Union labor co

Q : Interaction of demand and supply with

Identify and explain the main economic factors that determine the price of a good or service. Please include how demand and supply interact and elasticity, etc. Also give examples with graphs.

Q : Implication of perfect knowledge

Describe the implication of perfect knowledge regarding market beneath perfect competition.

Q : Absolute and Complete Inequality

Absolute and complete inequality into the distribution of income or wealth would be reflected within the Lorenz curve demonstrated as: (i) line 0A0'. (ii) line 0B0'. (iii) line 0C0'. (iv) line 0D0'. (v) line 0F0'.

Q : Arising of perfect price discrimination

Perfect price discrimination would arise when a firm: (1) extracted full consumer surpluses from its customers. (2) permitted monopolistic customers quantity discounts. (3) redistributed real income among consumers. (4) inefficiently allocated its res

Q : Monopolistic Exploitation dilemma In

In equilibrium for the price maker firm, the rate of monopolistic exploitation is the difference between: (p) P and MR. (q) P and MC. (iii) Total revenue and net cost per unit of output. (r) Output price and rate of monopsonistic exploitation. (s) VMP and MRP.

Q : Domestic production possibilities curve

Refer to the following domestic production possibilities curve for Karalex. The gain to Karalex from specialization and international trade is represented by a move from: 1) A to B. 2) C to A. 3) C to D. 4) B to E.

Discover Q & A

Leading Solution Library

Avail More Than 1427239 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1928380
Asked

3,689

Active Tutors

1427239

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment