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.
Answer:
B.
Incomes in Wyoming and Arizona are relatively the same in comparison to the national average.
Explanation:
A) because igneous rock will take a lot longer to erode compared to sediment.
Answer:
Colonialism, as imperialism, brought many problems to countries and nations.
Explanation:
The consequences of colonialism were degrading. The environment was falling apart, diseases were spreading, the economy of the country was unstable, ethnicity was in danger and human rights didn’t exist. The forests were cut, the sources of food were reduced and many animals became endangered species.
Similar consequences happened with imperialism, when small countries became dependent on the stronger one, urbanization of big cities degraded the natural resources and the social system of life changed.
The economy of a weaker country was also depending on the economy of a stronger one. The industry was not developing so people had to search for different international markets to sell their goods.
