The U.S. federal income tax is classified as a
A. Regressive tax only.
B. Regressive or flat tax, but not a progressive tax.
C. Progressive tax only.
D. Flat tax only.
Answer: C
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Which of the following is true within exchange economies:
A. All efficient allocations lie in the set of core allocations. B. All core allocations are efficient. C. The set of efficient allocations can be defined without knowing individual endowments. D. (a) and (b) are true. E. (a) and (c) are true. F. (b) and (c) are true. G. All of the above are true. H. None of the above are true.
What are the two meanings of interest in economics?
What will be an ideal response?
A monopolist faces a marginal revenue curve that is below the demand curve, resulting in the production of an allocatively efficient quantity
a. True b. False Indicate whether the statement is true or false
The quarterly increase in an employee's salary depends on the rating of his work by his employer and several other factors as shown in the model below:
Increase in salary= 
0+
0?Rating + other factors. The variable ‘Rating' is a(n) _____.
A. dependent variable B. ordinal variable C. continuous variable D. Poisson variable