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

 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.

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.

Dec 05 2019 View more View Less

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