A capital gain is defined as A) the tax paid when one sells an ...

[Chelseaamend]

A capital gain is defined as
 
  A) the tax paid when one sells an asset.
  B) the positive difference between the sale price and the purchase price of an asset.
  C) the tax rate one pays when one moves into a higher tax bracket.
  D) an unanticipated increase in income.

Question 2

The production possibilities curve represents the maximum feasible production combinations resulting from
 
  A) the mix of current resources that utilizes all available inputs using current technology.
  B) a fixed amount of demand by consumers.
  C) the lack of trade-offs in production.
  D) the lack of technology used in production.

[Bison]

Answer to Question 1

B

Answer to Question 2

A

[Chelseaamend]

Thank you

[Bison]

No problemo