When the owner of an asset sells it for more than she paid for it, she has a(n)
A. asset accumulation.
B. unnatural profit.
C. realized capital gain.
D. tax-free profit.
Answer: C
You might also like to view...
When 2,000 hamburgers per day are produced, the marginal social benefit is $1.50 and the marginal social cost is $1.00. And when 7,500 hamburgers per day are produced, the marginal social benefit is $1.00 and the marginal social cost is $1.50
The efficient production quantity of hamburgers is ________ a day. A) more than 7,500 B) 7,500 C) between 2,000 and 7,500 D) 2,000
Which statement is false?
A. If net exports were not included in GDP, that figure would be higher. B. Between the early 1990s and 2007 our trade deficit increased substantially. C. During the last ten years, our trade balance in services was negative. D. After the 1970s, our trade balance has been negative.
Consumer surplus:
A. is the difference between the maximum prices consumers are willing to pay for a product and the lower equilibrium price. B. the difference between the maximum prices consumers are willing to pay for a product and the minimum prices producers are willing to accept. C. the difference between the minimum prices producers are willing to accept for a product and the higher equilibrium price. D. rises as equilibrium price rises.
An increase in the price of ice cream is likely to cause:
A. an outward shift of the demand curve for ice cream. B. a movement to the right along the demand curve for ice cream. C. a movement to the left along the demand curve for ice cream. D. an inward shift of the demand curve for ice cream.