A typical capital gain is experienced by
A) selling stock or a mutual fund.
B) only rich people.
C) only investment bankers.
D) all shareholders in the United States.
Answer: A
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In what type of analysis could an increase in the tax rate lead to a decrease in tax revenues?
A) ad valorem taxation B) excise taxation C) dynamic tax analysis D) static tax analysis
Stealth bank holds deposits of $200 million. It holds reserves of $15 million. It has purchased government bonds worth $75 million. The current value of its loans, if sold at market value, is $130 million. What is the value of the Stealth bank’s liabilities?
a. $20 million b. $200 million c. $5 million d. $330 million
Studies of human decision making have found that people are reluctant to change their minds
a. True b. False Indicate whether the statement is true or false
If a country, business, or person has a comparative advantage in producing a good or service, this means that this country, business, or person
a. can produce this good at the same opportunity cost as others. b. can produce this good or service at a low opportunity cost. c. should buy this good from others d. can produce this good or service at a high opportunity cost.