A Consumer Values a Car at $525,000 and a Producer

question 22

Multiple Choice

A consumer values a car at $525,000 and a producer values the same car at $485,000.If the transaction is completed at $510,000,what amount of tax will result in unconsummated transaction?

• A)A tax of $9,000
• B)A tax of $14,000
• C)A tax of $15,000
• D)A tax of $18,000

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Definitions:

Type A Personality Pattern

A personality type characterized by high levels of competitiveness, self-imposed stress, impatience, and aggression.

Familism

A cultural value that emphasizes the importance of family ties, loyalty, and unity over individual needs.

Patriarchy

A social system where men hold primary power and predominate in roles of political leadership, moral authority, social privilege, and control of property.

Brotherhood

A relationship between brothers or a bond among men or a group of people who share common goals, interests, or experiences.