Answer:
Economic v. Statutory Incidence Economic incidence of a tax refers to the individual or group of individuals who ultimately bear the actual cost of the tax. Statutory incidence refers to the individual or group of individuals who are responsible for physically remitting a particular tax to the government
Explanation:
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Answer:
The government budget deficit and the foreign trade deficit will increase
Explanation:
The aggregate demand model is a macroeconomic model that show the balance between supply and demand and how they interact with each other. Also, this model shows the effects of fiscal and monetary policy have on aggregate demand.
An increase in government spending (a fiscal policy) will shift the demand curve to the right. However, <u>this increased spending means that the government will have to run a larger budget deficit, while the change in exchange rates means that the foreign trade deficit will increase as well.</u>
Take the indians for example; they used hunting and traveling until now! this changed their society including their environment
2. agriculture
Think of it like this: AGRagarian = AGRiculture