In the year 2010, suppose the Gini ratio for Canada was 0.30 and the Gini ratio for the US was 0.50. In the year 2015, suppose the Gini ratio for Canada rises to 0.35. Which of the following statements is true?Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.aCanada has greater inequality than the US. bCanada has greater inequality in 2015 than it did in 2010.cThe US has greater equality than Canada.dBetween 2010 and 2015 Canada’s Lorenz curve has become straighter (closer to the diagonal).

Analyze the relationahisp between a country's Gini coefficient and its Lorenz curve.

Which of the following statements is true about the US in the past 50 years:Choice 1 of 5:Inequality and the poverty rate have both increasedChoice 2 of 5:Inequality and the poverty rate have both decreasedChoice 3 of 5:Inequality and the poverty rate have both stayed roughly the sameChoice 4 of 5:Inequality has decreased while the poverty rate has increasedChoice 5 of 5:Inequality has increased while the poverty rate has stayed roughly the same

If government programs to assist the poor are successful at equalizing the income distribution, then the Lorenz curve should shift ____________ and the Gini coefficient should ______________.Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer.atoward the diagonal; decreasebaway from the diagonal; increasectoward the diagonal; increasedaway from the diagonal; decreaseeto a straight line; increase

If the government increases tax rates to the richest households in the distribution, then the Lorenz curve should shift ____________ and the Gini coefficient should ______________.Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer.atoward the diagonal; decreasebaway from the diagonal; increasectoward the diagonal; increasedaway from the diagonal; decreaseeto a straight line; increase

Multiple Choice QuestionBecause a country's imports vary directly with its income level, a rise in Canada's income level relative to that of the United States results in which of the following?Multiple choice question.The purchase of fewer U.S. goods by Canadians and the depreciation of the Canadian dollarThe purchase of more Canadian goods by Americans and the depreciation of the U.S. dollarThe purchase of fewer Canadian goods by Americans and the depreciation of the U.S. dollarThe purchase of more U.S. goods by Canadians and the depreciation of the Canadian dollar