Which of the following is the definition of a capital gain?

a. An increase in a firm's capital stock
b. Profit earned from selling a financial asset
c. The dividend earned from a company's stock
d. Taxes saved by selling a share of corporate stock
e. The profit earned by a corporation

B

Economics

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To close a recessionary gap, Keynesian theory calls for

A. expansionary fiscal policy. B. contractionary fiscal policy. C. international trade. D. none of these.

Economics

If the price of a good rises by 10% and the percentage decrease in the total amount consumers spend on the good is 10%, then the good is

A. unit elastic. B. inelastic. C. elastic. D. perfectly inelastic.

Economics