A capital gain is defined as
A. the tax rate one pays when one moves into a higher tax bracket.
B. an unanticipated increase in income.
C. the tax paid when one sells an asset.
D. the positive difference between the sale price and the purchase price of an asset.
Answer: D
You might also like to view...
Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting downward C. Aggregate demand shifting rightward D. Aggregate demand shifting leftward
Consider a perfectly competitive? firm's marginal revenue product of labor curve shown in the diagram. Using the line drawing tool?, draw a new line that shows the effect of a decrease in the demand for the product produced by this firm. Label this line ?'MRP1?'. Carefully follow the instructions? above, and only draw the required objects.
For the perfectly competitive? firm, the marginal revenue product is
A.marginal physical product times the wage rate.
B.marginal physical product times the product price.
C.the same thing as marginal physical product.
D.the same thing as marginal factor cost.
In which case would the quantity of money demanded by the public tend to increase by the greatest amount?
a. The interest rate increases and nominal GDP increases b. The interest rate decreases and nominal GDP decreases c. The interest rate decreases and nominal GDP increases d. The interest rate increases and nominal GDP decreases
The fact that the price of diamonds is higher than the price of water
A. can be explained as the outcome of a consumer optimum in consumer choice theory. B. is an outcome of irrational behavior in consumer choice theory. C. cannot be explained by behavioral economics or consumer choice theory. D. can be explained only by behavioral economics but not by consumer choice theory.