Capital gains are
A. treated exactly like other sources of income.
B. taxed differently than other sources of income.
C. generally not associated with a "lock-in effect."
D. only realized at death.
B. taxed differently than other sources of income.
You might also like to view...
When a person consumes two goods (A and B), that person's utility is maximized when the budget is allocated such that:
A) the marginal utility of A equals the marginal utility of B. B) the marginal utility of A times the price of A equals the marginal utility of B times the price of B C) the ratio of total utility of A to the price of A equals the ratio of the marginal utility of B to the price of A. D) the ratio of the marginal utility of A to the price of A equals the ratio of the marginal utility of B to the price of B.
The total welfare cost of a monopoly that engages in rent-seeking activities
a. equals only the portion of lost consumer surplus that is not transferred to the monopolist b. includes the use of resources devoted to rent seeking c. equals the total reduction in consumer surplus d. equals the total economic profit earned by the monopolist e. excludes the use of resources devoted to rent seeking
In order to maximize utility, consumers _____
a. continue to make purchases until the marginal utility of each good is zero b. compare the marginal utilities of the last dollar spent on each good c. equate the total utilities of each good consumed d. continue to purchase a good until total utility is equal to zero e. will continue purchasing till diminishing marginal utility is not achieved
In economics, the term technology refers to different ways of combining resources to produce output. In this sense, technological advances make possible the production of more output from a given amount of resources
a. True b. False Indicate whether the statement is true or false