Define capital gains
What will be an ideal response?
Capital gains are profits investors earn when they sell stocks, bonds, real estate or other assets.
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Use the following table to answer the next question. The base year is 2007. Hot DogsBaseballsBottles of SodaYearPriceQuantityPriceQuantityPriceQuantity2005$2.00100$5.0050$2.0010020064.001005.001002.0015020076.001005.001002.0020020088.001508.002004.00200200910.0020010.002004.00250Nominal GDP for 2009 equals ________.
A. $2,300 B. $5,000 C. $2,700 D. $3,600
If taxpayers can enjoy mosquito abatement whether or not they pay for it and, therefore, they tend to understate their true valuation of the spraying, this is an example of
a. private goods b. the median-voter model c. an open-access good d. the free-rider problem e. irrational ignorance
According to the classification in the text, which of the following is not an industrially advanced country (IAC)?
a. United Arab Emirates. b. Israel. c. Greece. d. All of the above are IACs. e. None of the above are IACs.
If negative externalities are created in the production of a good, then society will:
a. produce too much of the good since the marginal private cost to firms is less than the marginal social cost. b. produce too little of the good since the marginal private cost to firms is less than the marginal social cost. c. produce too much of the good since the marginal private cost to firms is greater than the marginal social cost. d. produce too little of the good since the marginal private cost to firms is greater than the marginal social cost.