Which of the following would lead to an increase in an individual's wealth? i. a person makes the last payment on their car loan ii. a person sells their car for $3,000 iii. a person bought stock for $500 and one year later it is worth $550 iv. a person uses money from their savings account to buy a new car iii i, ii, and ii all of these lead to an increase in wealth O i and ii

Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter27: Investment, The Capital Market, And The Wealth Of Nations
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Which of the following would lead to an increase in an individual's wealth?
i. a person makes the last payment on their car loan
ii. a person sells their car for $3,000
iii. a person bought stock for $500 and one year later it is worth $550
iv. a person uses money from their savings account to buy a new car
Oi
i, ii, and iii
all of these lead to an increase in wealth
O i and iii
Transcribed Image Text:Which of the following would lead to an increase in an individual's wealth? i. a person makes the last payment on their car loan ii. a person sells their car for $3,000 iii. a person bought stock for $500 and one year later it is worth $550 iv. a person uses money from their savings account to buy a new car Oi i, ii, and iii all of these lead to an increase in wealth O i and iii
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