An increase in supply of a good is caused by:
A) resource prices rising.
B) a fall in the price of the good.
C) an increase in the number of sellers.
D) expectations of future price increases.
Ans: C) an increase in the number of sellers.
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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
According to the Net Present Value (NPV) rule, managers choose to invest if
a. The NPV of the project is less than zero b. The NPV of the project is greater than zero c. The NPV of the project is equal to zero d. The NPV of the project is equal to the cost of capital
Sort the following into cash transfer programs and in-kind transfers: - social security - SNAP - TANF - Medicare - Medicaid - housing assistance - earned income tax credit (EITC)
A. cash transfers: social security, SNAP, TANF, and Medicare; in-kind transfers: Medicaid, housing assistance, EITC B. cash tranfers: social security, housing assistance, Medicare, and Medicaid; in-kind transfers: EITC, SNAP, TANF C. cash transfers: social security, EITC, TANF; in-kind transfers: Medicare, Medicaid, SNAP, housing assistance D. cash transfers: EITC, TANF, SNAP; in-kind transfers: social security, Medicare, Medicaid, housing assistance
When the value of the dollar has decreased,
A. the cost of living has increased. B. deflation has occurred. C. your real income has increased. D. your purchasing power has increased.