Identify whether the statements about the economics of taxes are true or false. the incidence of a tax is determined by which group (buyers or sellers) must actually pay the government. when demand is inelastic and supply is elastic, the burden of a tax falls mainly on producers. when demand is elastic and supply is inelastic, the burden of a tax falls mainly on consumers. an excise tax can distort incentives and create missed opportunities for mutually beneficial transactions.

the answer is . a novel has no sub-plot, but a novella does

the answer is: guns or butter

hope i

-lavira : )

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know