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.
If 35 million tons of emissions permits are auctioned off, compared to each person getting 10 pounds of untradable emissions, it is a. better, because it lowers the cost of emissions abatement.
<h3>Why is it better?</h3>
If everyone got 10 pounds of untradable emission, the amount of emissions would be:
= (10 x 7 billion) / 2,000 pound per ton
= 35 million pounds
This is the same as the total amount of the emission permits but it is still more expensive than issuing permits because those permits are tradable.
Non-tradable permits will mean that some will exceed their permit and will be unable to share their emissions.
Find out more on emission permits at brainly.com/question/5130019.
Answer:
Explanation:
The journal entry is shown below:
On December 31,2016
Salary Expense A/c Dr $3,960 ($1,320 × 3 days )
To Salary Payable A/c $3,960
(Being adjusted salary is recorded)
On January 2
Salary Expense A/c Dr $2,640 ($1,320 × 2 days )
Salary Payable A/c $3,960 ($1,320 × 3 days)
To Cash A/c $6,600
(Being cash is paid)
Answer:
A
Explanation:
usually goods are physical product created to satisfy the needs and wants of costumers while services are not physical product but actions that people do to assist other people.
