Under oligopoly, firms' pricing policies are ________ and, under monopolistic competition, they are ________

All of the following are true except

A. gross investment minus depreciation equals net investment. B. Karl Marx said that capital is produced by the capitalist. C. inventory investment is less stable than investment in plant and equipment. D. capital can be acquired by borrowing, working more or consuming less.

You own an oil painting that increases in value by $12,000 but you do not sell the painting. The $12,000 is counted as ________ income.

A. taxable income but not economic B. neither taxable nor economic C. both economic and taxable D. part of economic income but not part of taxable