John bought 1,700 shares of Intel stock on October 18, 2015, for $44 per share plus a $750 commission he paid to his broker. On December 12, 2019, he sells the shares for $63.50 per share. He also incurs a $1,000 fee for this transaction.

a.) What is John's adjusted basis in the 1000 shares of Intel stock?
b.) What amount does John realize when he sells the 1000 shares?
c.) What is the gain/loss for John on the sale of his Intel stock? What is the character of the gain/loss?

Arguments made against free trade include all of the following exceptdumping is an unfair trade practice that puts domestic producers of substitute goods at a disadvantage that they should be protected against. national defense considerations justify producing certain goods domestically whether the country has a comparative advantage in their production or not. free trade is inflationary and should be restricted in the domestic interest. if foreign governments subsidize their exports, foreign firms that export are given an unfair advantage that domestic producers should be protected against. infant industries should be protected from free trade so that they may have time to develop and compete on an even basis with older, more established foreign industries.