Answer: See explanation
Explanation:
You didn't give the options and I couldn't find the exact question online. Let me try help out.
Incidence of tax is the impact that a tax simply has on how the economic welfare are being distributed. It refers to how tax is being distributed between the producers and the buyers of a particular good. It should be noted that the tax burden is shared by the sellers depending on the elasticity of the said product.
For example, in a situation whereby a $2 tax is imposed on each good a producer produces, if the producer then pass the tax to the final consumers when he raised the price of the goods by $2, we can simply say that such good has a price inelastic as the entire burden falls on the consumer.
Also, assuming the producer can't increase prices because such good is price elastic, that is, there will be a greater change in the quantity of the goods demanded, the burden will be felt by the producer alone. Here, we can say that the tax incidence falls on the producer.
Answer:
North Korea's political system is built upon the principle of centralization.
Explanation:
The constitution defines North Korea as "a dictatorship of people's democracy" under the leadership of the Workers' Party of Korea (WPK), which is given legal supremacy over other political parties. The WPK is the ruling party of North Korea.
D. Alexander von Humboldt
~Hello there! ^_^
Your question: This large peninsula country is mostly a desert in Asia..?
Your answer: Saudia Arabia is the country that is mostly a desert in Asia. It is the largest country on the largest peninsula in the world.
Happy Studying!
