A decrease in net taxes:
a. raises aggregate expenditure by raising disposable income, thereby increasing consumption.
b. raises aggregate expenditure by raising disposable income, thereby decreasing consumption.
c. lowers aggregate expenditure by lowering disposable income, thereby decreasing consumption.
d. lowers aggregate expenditure by lowering disposable income, consumption remaining constant.
e. has no effect on aggregate expenditure.
Question 2
A firm's marginal product curve slopes downward throughout its length.
a. True
b. False
Indicate whether the statement is true or false
Global Stratification: Income of the World's Nations
The More Things Change, The More They Say the Same: Dividing the Nation's Income
Regional Variation in Income and Access to the Sea
How the Distribution of Education Affects the Distribution of Income
Relationship between Latitude and Income per Capita
Construct a Lorenz curve that shows income distribution in this society.