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Author Question: Of the following, which is the least likely to be an example of substitute goods? A) beer and ... (Read 53 times)

sam.t96

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on: Jun 29, 2018
Of the following, which is the least likely to be an example of substitute goods?
 
  A) beer and pretzels
  B) margarine and butter
  C) beef and chicken
  D) tea and coffee

Question 2

Suppose the capital gains tax is 28 percent and you purchased a house ten years ago for 80,000. If you sold the house today you would get 140,000. Your tax liability would be
 
  A) 39,200.
  B) 16,800.
  C) indeterminate without knowing the inflation rate.
  D) indeterminate without knowing the personal income tax rate.


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CAPTAINAMERICA

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


sam.t96

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Reply #2 on: Jun 29, 2018
Correct answers!


CAPTAINAMERICA

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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