1. When Lorenz curves are __________.a. more curved the greater is the degree of income inequalityb. less curved the greater is the degree of income inequalityc. used in calculating Gini...

1. When Lorenz curves are __________. a. more curved the greater is the degree of income inequality b. less curved the greater is the degree of income inequality c. used in calculating Gini coefficients d. first and third option are correct 2. As the Lorenz Curve gets closer to the line of absolute equality, the ________. a. the higher is the degree of income equality b. the lower is the degree of income inequality c. the lower is the degree of income equality d. the higher is the degree of income inequality