Bailey stood in line for hours and purchased the new game system the day it became available for $600. knowing that there was a high demand for the game system and a limited supply, she decided to put the item on e-bay rather than keep it. she sold it for $950. she also sold her five-year old car for $5,000. she had purchased the car for $13,000. what is the taxable nature of these transactions?

Determine if the following statements are true or false. an increase in government spending can crowd out private investment. an improvement in the budget balance increases the demand for financial capital. an increase in private consumption may crowd out private investment. lower interest rates can lead to private investment being crowded out. a trade balance in sur+ increases the supply of financial capital. if private savings is equal to private investment, then there is neither a budget sur+ nor a budget deficit.