If the tax rate increases with an increase in income, the income tax structure is said to be _____

In the used car market, adverse selection can be limited by

A) offering warranties. B) establishing loan limits. C) requiring high deductibles. D) requiring low deductibles.

In macroeconomic analysis, the representative consumer

A) denotes the consumer with the average amount of income. B) plays the role of a stand-in for all consumers in the economy. C) is the consumer who bargains with firms for all workers in the economy. D) is always a misleading fiction.