A tax reduction shifts the consumption schedule downward.

Products produced domestically and sold in foreign countries are called ________, and products produced in foreign countries and sold domestically are called ________

Fill in the blank(s) with correct word

Measures of poverty that fail to account for the value of in-kind transfers

a. understate the actual poverty rate. b. have little effect on the validity of reported poverty rates. c. are generally more reliable measures of actual poverty rates. d. overstate the actual poverty rate.