Answer:
It is FALSE that If the tax is imposed upstream versus downstream, economic theory predicts that this will lead to the same allocation of abatement activity, but it will change who bears the burden (incidence).
Explanation:
When tax is imposed upstream versus downstream the person that bears the burden will not change because at both incidence it is the consumer(Downstream) that will cover the tax still.
Upstream refers to points in production that originate early on in the processes. Often applied to the oil and gas industry, upstream activities include exploration, drilling, and extraction.
The downstream sector is the refining of petroleum crude oil and the processing and purifying of raw natural gas, as well as the marketing and distribution of products derived from crude oil and natural gas.
Answer:
Estimated manufacturing overhead rate= $2.32 per machine hour.
Explanation:
Giving the following information:
Overhead costs are estimated to total $292,552 for the year, and machine usage is estimated at 126,100 hours.
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 292,552/126,100= $2.32 per machine hour.
Rule of law is very important in case of country’s legal system
This means that no one can be regarded to be above the law in a society where the rule of law exists. In a parliamentary democracy, the rule of law places a duty on all citizens to uphold the law, and in order to do so, the legislation must be just and not arbitrary. The goal of the rule of law, like other constitutional concepts, is to advance peoples' freedom and basic rights.
People and corporations must abide by the regulations set forth by the rule of law in order to avoid penalties. The rule of law establishes norms for businesses so that they, too, know what is required of them in their transactions and enables people to comprehend what is expected of them in their personal capacities.
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The answer is: by issuing a patent for the technology
Without patent for the technology, Existing large companies could not copy the inventions made by smaller new companies and beat them in the market with sheer capital amount. Issuing patent provide opportunities for smaller inventors to enter the market.
Answer:
entrepreneur are small scale farmers thatthey are passionate with there farm buisness
