If interest rates fall, the opportunity cost of spending money today rather than tomorrow
a. rises.
b. falls.
c. rises only if the prices of goods today rise.
d. falls only if the prices of goods today fall.
b
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A rightward shift in the demand curve is called a(an):
a. decrease in output. b. decrease in demand. c. increase in demand. d. increase in income.
Which of the following is one of the three main reasons for the spread of democracy?
a. Democratic regimes failed to deliver economic progress to the vast bulk of their populations. b. Economic advances in the past quarter-century have led to the emergence of a class of ruling elite c. New information and communication technologies have broken down the ability of the state to control access to uncensored information. d. Totalitarian regimes delivered economic progress to the bulk of their populations but not enough to the power brokers.
The Sudsy Soda Company will not sell its soft drinks to a restaurant unless that business also buys paper cups from Sudsy. This requirement is an example of
A) product versioning. B) tie-in sales. C) price differentiation. D) complementary pricing.
Social Security contributions are
A. a voluntary dollar amount that people contribute towards Social Security. B. mandatory taxes partially paid out of workers' wages and salaries. C. entirely paid by your employer. D. collected only from people earning more than $120,000 a year.