The Council of Economic Advisers' Economic Report of the President discusses recent developments in the economy and presents the council's analysis of current policy issues
a. True
b. False
Indicate whether the statement is true or false
True
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A tax whose burden, expressed as a percentage of income, increases as income increases is
A. a progressive tax. B. an ability-to-pay tax. C. a regressive tax. D. a proportional tax.
A restaurant hires cooks and waiters. Cooks earn $10 an hour; waiters earn $5 an hour. The manager, who wants to maximize the number of meals served given a fixed payroll of $45 per hour, expects the following from cooks and waiters: 
Given the above information, at the optimal choice, the last dollar spent on hiring waiters yielded
A. 16 additional meals. B. 6 additional meals. C. 60 additional meals. D. 80 additional meals. E. none of the above
Within the range of prices around the midpoint on a straight-line demand curve, demand is
A. elastic. B. unit-elastic. C. inelastic. D. zero.
Since 1970, the U.S. Gini ratio has
A) increased. B) decreased. C) increased and then decreased. D) decreased and then increased.