Which of the Following Is Not True

question 17

Multiple Choice

Which of the following is not true?

• A)Adding to the stock of capital goods now requires a sacrifice of future consumption goods.
• B)Adding to the stock of capital goods now requires a sacrifice of present consumption.
• C)Each claim or title to ownership of a capital good is subject to valuation by the market.
• D)Capital goods represent goods that can be used as factor inputs for further production.
• E)Capital goods represents inputs that are themselves outputs of the economy.

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Definitions:

Tax Return

A document filed with state or federal authorities that reports income, expenses, and other pertinent tax information.

Wild Fires

Uncontrolled fires in wildland areas, often exacerbated by drought, wind, and heat, causing extensive damage to ecosystems and property.

Deductible

A cost that may be deducted from total income to decrease taxable income, resulting in a reduction of the tax owed.

Real Estate Taxes

Taxes assessed by local governments on property, based on the property's assessed value.