Capital gains are profits that you earn on the sale of your
a. labor.
b. money.
c. financial asset.
d. economics textbook.
c
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The property tax exhibits a U-shaped patter with respect to income
a. True b. False
One of the disadvantages of an organization which has a matrix structure is that :
a. each individual reports to one boss, causing excess flow of information to one individual. b. flow of information is difficult when operations are so highly diversified. c. each individual has two bosses whose interests may not be aligned. d. there are limits to the information a firm's headquarters can use effectively in making decisions.
Influence cost is a type of _____ incurred while filling positions that have similar responsibilities but carry different pay
a. deadweight loss b. opportunity cost c. externality d. social cost
When a price ceiling prevents a higher market price from rationing a good,
a. a surplus of the good will develop. b. scarcity of the good will be eliminated. c. non-price factors will play a more important role in the rationing process. d. the future supply of the good will expand rapidly.