If Sony keeps the price of PlayStation 3 constant in terms of dollars, what is the impact on Sony of a stronger yen?
A) a decline in exports to the United States
B) an increase in imports from the United States
C) lower profit
D) higher profit
C
You might also like to view...
According to Okun's Law, the year-to-year change in the rate of unemployment is ________ if the annual growth rate of real GDP is 5%
A) -5% B) 5% C) 2% D) -1%
The sum of the marginal utilities of a good, at any consumption level
a. cannot be measured b. adds up to total utility c. adds up to maximum utility d. is negative because of the law of diminishing marginal utility e. is zero because marginal utility eventually becomes negative, canceling the positive values of marginal utility
Explain the main arguments in favor of economic stabilization
The significance level of a test is:
A. the probability of rejecting the null hypothesis when it is false. B. one minus the probability of rejecting the null hypothesis when it is false. C. the probability of rejecting the null hypothesis when it is true. D. one minus the probability of rejecting the null hypothesis when it is true.