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
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Which of the following would be classified as private investment spending?
a. A family's purchase of a new home b. An automobile producer's purchase of steel for use in building new cars c. A paper company's purchase of timber d. A household's purchase of AT&T stock e. The government's purchase of a new office building
What is the likely effect on the market for wine of a simultaneous increase in both consumer incomes and producer taxes on wine?
A. An increase in both price and quantity B. An increase in price and a decrease in output C. A decrease in price and an indeterminate effect on quantity D. An increase in price and an indeterminate effect on quantity