From left to right, the horizontal axis of the Lorenz curve ranks households from

Which of the following was NOT a creation of the Bretton Woods conference?

A) World Bank B) IMF C) IBRD D) WTO E) None of the above.

Which of the following correctly describes the effects of a decrease in net taxes?

a. Disposable income increases, consumption decreases, and saving decreases. b. Disposable income increases, consumption increases, and saving increases. c. Disposable income decreases, consumption increases, and saving increases. d. Disposable income decreases, consumption decreases, and saving decreases. e. There is no effect on either disposable income, consumption, or saving.