A person experiences a capital gain if she
A) sells an asset for more than what she paid for it.
B) settles a debt.
C) invests in a physical capital project.
D) contributes to a country's production of capital goods.
Answer: A
You might also like to view...
The above table shows the total product schedule for the campus book store. If employees are paid $6 per hour, assuming there are no other variable costs, then the average variable cost of selling books will reach its minimum at
A) 58 books sold per hour. B) 59 books sold per hour. C) 73 books sold per hour. D) 83 books sold per hour.
If the labor supply curve is very elastic, a tax on labor
a. has a large deadweight loss. b. raises enough tax revenue to offset the loss in welfare. c. has a relatively small impact on the number of hours that workers choose to work. d. results in a large tax burden on the firms that hire labor.
An oligopolist's production decision affects:
A. the prices charged by each firm. B. its profits. C. the profits of other firms in the market. D. All of these statements are true.
What is the rationale for efficiency wages? How do efficiency wages help address the principal–agent problem?
What will be an ideal response?