The Social Security payroll tax tends to be regressive

a. True
b. False
Indicate whether the statement is true or false


True

Economics

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When a monopoly price discriminates, it charges the highest price to the group of buyers with the least elastic demand

a. True b. False Indicate whether the statement is true or false

Economics

An outward shift in the demand curve for land will

a. make previously zero-rent land profitable. b. induce people to begin to use land more extensively. c. force reductions in rents. d. be accompanied by a shift in the supply of land.

Economics

The market for novels is

a. perfectly competitive. b. a monopoly. c. monopolistically competitive. d. an oligopoly.

Economics

The Consumer Price Index (CPI) is:

A. a fixed-expenditure-weight index used to measure changes in the GDP Deflator. B. the least commonly used measure of inflation. C. an example of an index that uses variable expenditure weights. D. a fixed-expenditure weight-index used to measure changes in purchasing power for households.

Economics