Expectations that disposable income will increase in the future will _____.
a. shift the current consumption function upward
b. shift the current consumption function downward
c. result in an upward movement along the current consumption function
d. make the current consumption function flatter
e. make the current consumption function steeper
Question 2
Consider a competitive industry in which a green company uses a cleaner but costlier production method than is used by other firms. In the long run, the green company will:
a. earn more profit than will the typical firm in the industry.
b. drive its competitors out of business.
c. have economic losses and exit the industry.
d. charge a higher-than-average price for its product.
To reverse the direction of operation, the polarity of the current through the motor is reversed.
Drug tolerance: A shift in the dose-response curve to the right as a result of exposure to the drug.
Modern machinery has helped farmers increase yields
Income Distribution in the United States, 2009
Determination of Income Inequality
How an Increase in Income Inequality Affects the Desired Tax Rate