creation of wealth
What will be an ideal response?
The process by which some people become rich will make everybody richer.
ex henry ford
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When someone sells a bond at a discount, the holder of the bond earns ________ with the purchase
A) a capital gain B) a capital loss C) market value D) interest
Provide two justifications for not taxing unrealized capital gains
What will be an ideal response?
Which statement is true regarding average variable cost?
a. Average variable cost is the additional cost of producing one more unit of output. b. The average variable cost curve will always lie below the curve for average total cost. c. Average variable cost is obtained when variable cost is multiplied by quantity of output. d. As output grows, average variable cost moves farther away from average cost.
Refer to the data. The nominal GDP for year 3 is:
Assume an economy that is producing only one product. Output and price data for a three- year period are as follows. Answer the question on the basis of these data.
A. 125 percent higher than the nominal GDP for year 1.
B. 50 percent higher than the nominal GDP for year 1.
C. $120.
D. $30.