What do cooperative firms do if they make a profit?
A) Cooperatives never earn profits, so this issue does not occur.
B) Cooperatives must pay their profits to the federal governments as a windfall profit tax.
C) Cooperatives must keep half of the profits and return the other half to their members.
D) Cooperatives generally return the profits to their members as a dividend.
D
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Refer to Table 23-4. Given the consumption schedule in the table above, the marginal propensity to save is
A) 0.3. B) 0.4. C) 0.5. D) 0.6.
Consider a country that has an official settlements balance surplus and is experiencing upward pressure on the exchange-rate value of its currency. Which of the following will NOT be true in this context?
A. For the regular bank that is involved in the intervention transaction, the central bank decreases the bank's deposits at the central bank. B. The central bank of this country must intervene to buy foreign currency and sell domestic currency. C. Its balance sheet will show an increase in official international reserve holdings. D. Its balance sheet will show an increase in its liabilities.