A capital gain is defined as
A) the tax paid when one sells an asset.
B) the positive difference between the sale price and the purchase price of an asset.
C) the tax rate one pays when one moves into a higher tax bracket.
D) an unanticipated increase in income.
B
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After graduating from college and getting a job you stop buying generic brand cereal. This suggests that generic brand cereal is a(n)
A. substitutable good. B. normal good. C. complementary good. D. inferior good.
What does "diminishing marginal utility" mean?
What will be an ideal response?
Participating nations in the 2015 Paris Agreement on Climate Change agreed to reduce overall greenhouse gases emission through 2050 to
A. as much as 80 percent below the levels in the 2015. B. to yield a net increase in the global temperature of no more than 2.7 degrees Fahrenheit by 2050. C. to yield a net increase in the global temperature of no more than 2.7 degrees Fahrenheit by 2025. D. as much as 20 percent below the levels in 2015.
How did mortgage defaults affect banks involved in mortgage lending and mortgage investing?
What will be an ideal response?