Use a circular flow diagram to show how the allocation of resources and the distribution

Chapter 20, Problem 1

(choose chapter or problem)

Use a circular flow diagram to show how the allocation of resources and the distribution of income are affected by each of the following government actions. LO20.1 a. The construction of a new high school. b. A 2-percentage-point reduction of the corporate income tax. c. An expansion of preschool programs for disadvantaged children. d. The levying of an excise tax on polluters

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