Capital gains are those gains
A. earned from selling an asset prior to its maturity date.
B. earned from avoiding tax payments by understating earnings from capital assets.
C. earned from purchasing an asset for less than what it is actually worth.
D. earned from selling an asset for a price more than what was paid for it.
Answer: D
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Surgical weight loss procedures are cheaper and safer than ever. As a consequence, we could expect:
a. An increase in the amount of care individuals take of their diet b. A decrease in the amount of care individuals take of their diet c. An increase in pre-surgery obesity d. Both B&C
A perfectly competitive firm charges the market price of $18 to sell its product. The firm produces and sells the profit-maximizing quantity of 50 units at this price. Its average total cost is $17 and its average variable cost is $15. Which of the following statements is then true?
a. This firm should shut down now. b. At this current level of production, the firm's marginal cost is $17. c. At this current level of production, the firm's marginal cost is $15. d. The firm is earning an economic profit of $50
Trade diversion results in
A) an increase in the total amount of trade in the world. B) a decrease in the total amount of trade in the world. C) no change in the total amount of trade in the world. D) either an increase or decrease in the amount of trade in the world, depending on where trade takes place.
Payment in the capital market is called investment.
Answer the following statement true (T) or false (F)