Answer: b. Earned income is payment for employment, while capital gains are produced by your investments.
Explanation: Earned income is the income received from working or engaging in a particular activity and an income generated from the day to day activity. For example, earned income is the income generated from employment. While on the other hand capital gain is the income received from the income generated from a one time sale of an asset or an item. For example, selling a car and generating a profit of $1500, $1500 is the capital gain.
Hence, Earned income is the payment for employment while capital gains are produced by your investments.
Answer:
Answer is false just took the quiz
...FALSE...
hope this helps!
Characteristics of a market with perfect competition is,
Many buyers and vendors: In a market that is totally competitive, multiple buyers and sellers, but none of them can affect the product's price. Products supplied in a market are all homogeneous, meaning they are all the same or very similar.
Perfect information: In an equilibrium price, all market participants have similar capabilities about the market, particularly product costs, standards, and availability.
No entrance or exit barriers: In a market with perfect competition, new firms can enter the market with ease and evolving firms can depart the market with ease and without incurring major expenses, buyers and sellers have little power to alter prices.
Characteristics not of a market with perfect competition:
Lack of product differentiation is necessary for perfect competition. Companies operating in other market configurations may distinguish their goods through distinctive branding or design elements.
Market power is absent . Organizations may have some level of market government and be able to affect prices in various market arrangements.
Long-term balance: Perfect competition results in long-term economic profits for businesses of zero. With alternative market configurations, businesses may experience long term economic gains.
Learn more about homogeneous here:
CTSO's also called as Carl D Perkins Vocational and Technical Educational Act was authorized by Federal Government i.e. The Congress in 1984.
The Perkins IV included three major areas of revision:
Learn more about CTSO here:
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