By NOT taxing capital gains separately from ordinary income, what would happen to the government's stream of revenue?
What will be an ideal response?
It would be greatly reduced.
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Bank reserves include:
a. High quality (i.e., AAA-rated) loans. b. Vault cash and deposits at the central bank. c. Tellers, who are trained and ready to work in case of a general bank strike. d. Government bonds, high-quality (e.g., AAA) corporate stocks, and cash in circulation. e. Checking deposits and borrowings from the central bank.
Adam and Doug both build birdhouses. Adam works 30 hours a week and produces 15 bird houses. Doug works 20 hours a week and produces 12 bird houses. Which of the following is correct?
a. Adam's production and productivity are higher than Doug's. b. Adam's production is higher than Doug's, but Doug's productivity is higher than Adam's. c. Doug's production is higher than Adam's, but Adam's productivity is higher than Doug's. d. Doug's production and productivity are higher than Adam's.