Question

Explain how tax is influencing allocation of resources

Answer 1

Answer:

When high taxes are imposed on some industries, then resources from the high-taxed industries will shift to the low-taxed industries. Likewise, when a tax rebate is offered, it will encourage allocation of resources in favour of developing infant industries.

Explanation:

Answer 2

Answer:

A high tax, not to mention unemployment, influence / influences votes. My friends and my mother like / likes each other. The team and the band was / were on the field. Building a good marriage and building a good log fire is / are similar in many ways.