Which of the following will cause the demand curve for a good to shift to the right?
a. Decrease in income for a normal good.
b. Increase in the price of a complementary good.
c. Decrease in the price of the good.
d. Increase in the price of a substitute good.
e. Expectation of a future price decline.
d
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When interest rates go up, people are
a. more likely to borrow b. less likely to borrow c. does not affect a person's consumption d. None of the above
Winner-take-all refers to
a. top performers in a labor market receiving much more than those who are just slightly less productive b. computing and technology companies driving their competitors out of the market c. rich households paying less in taxes now than they did 30 years ago d. a negative income tax system that allows individuals to become superstars e. the Lorenz curve shifting closer to the diagonal as the rich become richer