Multiple Choice
Elaine owns a beautiful diamond ring she purchased for $2,500. When she has it appraised she learns that it is now worth $3,000. Based on this information:
A) Elaine's saving this year has increased by $500.
B) Elaine's saving this year has decreased by $500.
C) Elaine has experienced a $500 capital gain.
D) Elaine's wealth is unchanged.
Correct Answer:
Verified
Correct Answer:
Verified
Q21: When the government runs a budget surplus,
Q22: Capital losses are:<br>A)decreases in the flow of
Q23: Public saving is positive when:<br>A)there is a
Q24: National saving is done by:<br>A)only households.<br>B)only businesses.<br>C)only
Q25: If in the economy, business saving equals
Q27: The impact of declining stock prices in
Q28: Wealth is the same as:<br>A)net worth.<br>B)assets.<br>C)capital gains.<br>D)savings.
Q29: Other things equal, the combination of a
Q30: Which of the following is correct?<br>A)National saving
Q31: If consumption spending increases by $10 million