Question1.The incidence of a tax pertains to: (Points : 2)

the degree to which it alters the distribution of income.

how easy it is to evade the tax.

who actually bears the burden of a tax.

the progressiveness or regressiveness of tax rates.

society has a tendency to overuse and thus abuse common resources.

total external costs in society far outweigh total external benefits.

matter can be transformed to other matter or into energy but can never vanish.

crime rates typically are higher in public places than where property is privately owned.

irrational behavior.

a lazy person.

marginal benefit-marginal cost analysis.

programmed learning.

new industrial uses for diamonds have been discovered.

the supply of water is great relative to demand and the supply of diamonds is small relative to demand.

although the total utility of diamonds is greater, their marginal utility is small.

the supply of diamonds is great relative to demand and the supply of water is small relative to demand.

allocates resources efficiently and allows economic freedom.

results in an equitable personal distribution of income and always maintains full employment.

results in price level stability and a fair personal distribution of income.

eliminates discrimination and minimizes environmental pollution.