A capital gain results when
A) an asset is sold for more than it was purchased.
B) a debt is settled.
C) a person purchases a bond.
D) a person buys gold.
A
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Which of the following would not be studied in microeconomics?
A. How an early freeze in California will affect the price of fruit. B. Whether the federal budget should be balanced. C. Whether to study or watch TV tonight. D. How individual firms decide how much to produce.
The social interest theory of regulation assumes that
A) regulations favor voters over producers. B) regulations promote the attainment of competitive output. C) public officials seek to keep their jobs. D) public officials favor consumers over producers.
A Health Maintenance Organization is _____
a. a multi-doctor office b. a type of pre-paid health care c. a series of specialty hospitals d. increasingly rare
A perfectly competitive firm would be willing to remain in the industry in the long run at zero economic profit because
a. its total revenues would be positive. b. accounting profit would be negative. c. revenue is equal to all costs, including the opportunity cost of capital and labor. d. its fixed costs would prevent it from leaving the industry.