Only realized capital gains are included in taxable income.
A. True
B. False
C. Uncertain
A. True
You might also like to view...
Congested non-toll roads is an example of a _____
a. merit good b. club good c. common resource d. nonrenewable resource
Instruments so widely accepted and purchased by others that they are very similar to cash are known as
a. liquid assets b. hard assets c. corporate assets d. marketable securities e. none of the above
The aggregate supply curve will shift to the right when the:
A. amount of labor in the society decreases. B. capital stock of the society shrinks. C. amount of natural resources in the society gets smaller. D. amount of labor in the society increases.
If the price of a good rises by 10% and the percentage decrease in the total amount consumers spend on the good is 15%, then the good is
A. perfectly inelastic. B. unit elastic. C. elastic. D. inelastic.