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Definition, Location, Example
The Corn Belt,is an area in the midwestern United States, roughly covering western Indiana, Illinois, Iowa, Missouri, eastern Nebraska, and eastern Kansas, in which corn and soybeans are the dominant crops ("Corn Belt Region").
Answer: See explanation
Explanation:
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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.
Arabic-speakers of all Abrahamic faiths, including Christians and Jews, use the word "Allah" to mean "God". The Christian Arabs of today have no other word for "God" than "Allah". Similarly, the Aramaic word for "God" in the language of Assyrian Christians is ʼĔlāhā, or Alaha.
The relationship of latitude to climate zones is due to solar radiation which is greatest near the Equator and lesser moving to the poles.
