Eli is a landscaper who builds patios and decks for his customers. suppose he purchases $1200 of patio stones for a project and hires employees to build the patio at a cost of $800 in wages. he also uses his own talents in designing the patio and his talent is worth $500. he charges his customer $3500 for the finished patio. using the income approach, eli has created of gross domestic product.

Tara incorporates her sole proprietorship, transferring it to newly formed black corporation. the assets transferred have an adjusted basis of $240,000 and a fair market value of $300,000. also transferred was $10,000 in liabilities, $1,000 of which was personal and the balance of $9,000 being business related. in return for these transfers, tara receives all of the stock in black corporation. a. black corporation has a basis of $241,000 in the property. b. black corporation has a basis of $240,000 in the property. c. tara’s basis in the black corporation stock is $241,000. d. tara’s basis in the black corporation stock is $249,000. e. none of the above.

Rats that received electric shocks were unlikely to develop ulcers if the

Classify each of the following items as a public good, a private good, a natural monopoly good, or a common resource.(a) measles vaccinations (b) tuna in the pacific ocean (c) airline service in the united states (d) local storm-water system