Alex, a resident of the United States, has accrued capital gains and she died prior to the realization of her gains. Which of the following is true of Alex's capital gains?
A. Her capital gains are tax free.
B. Her capital gains are transferred to government revenue.
C. Her heirs cannot sell her asset immediately.
D. Her heirs cannot hold her assets.
Answer: A
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Reducing ________ unemployment may be beneficial for an economy, but reducing ________ unemployment to zero would definitely reduce the efficiency of the economy
A) structural and frictional; cyclical B) frictional and cyclical; structural C) the natural rate of; cyclical D) structural and cyclical; frictional
By using the ceteris paribus assumption in conjunction with a model, economists can
A) suspend the rationality assumption. B) avoid having their model depend on any additional assumptions. C) hold certain factors constant. D) be sure that the model will predict correctly.
"If a union is only able to organize a few of the firms in an industry, it is unlikely that the union can substantially increase the wages of its members." This statement is
a. false; unions tend to be stronger when they concentrate on only a few producers in an industry. b. false; the demand for unionized workers will be more inelastic if only a few firms in the industry are unionized. c. false; all unions can increase the wages of their members. d. essentially correct.
When Sarah watches her baby sister each Saturday, gross domestic product increases.
Answer the following statement true (T) or false (F)