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Use the circular flow diagram to show how much each of the following government actions simultaneously affects the allocation of resources and the distribution of income:
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.
Once YOU have come up with a response to YOUR questions, please re-post and let us know what you think. Then someone here will be happy to critique your work.
=)
Use the circular flow diagram to show how much each of the following government actions simultaneously affects the allocation of resources and the distribution of income:
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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