The difference between the purchase price of a financial asset and the sale price of the asset is called a(n)
a. capital gain.
b. dividend.
c. profit.
d. investment.
a
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An economy is at full employment when ________
A) the unemployment rate is zero B) there is no frictional unemployment C) the unemployment rate equals the natural unemployment rate D) there is no structural unemployment
An example of a barrier to entry is
A) superior technological knowledge. B) high profits. C) product differentiation. D) increasing marginal costs.
If the nominal interest rate is 0.6 percent and the rate of inflation is 2.9 percent in a given year, then what is the corresponding real rate of return?
A) 3.5 percent B) 2.3 percent C) -3.5 percent D) None of the above.
The problem of asymmetric information is that:
A. neither health care buyers nor providers are well-informed. B. health care providers are well-informed, but buyers are not. C. the outcomes of many complex medical procedures cannot be predicted. D. insurance companies are well-informed, but policy purchasers are not.