Suppose a family-owned yogurt shop has $80,000 in total revenues, $36,000 in rent, and $20,000 in additional operating costs. The husband and wife work in the shop and pay no wages to themselves or others. The economic profits from the shop are

Suppose you get a tax refund of $20,000 and instead of spending it on items that had been on your wish list for two years, you put it all in your checking account at the First National Bank of Urbana. And if that deposit allows the bank to loan out $17,000 . then the potential money multiplier must be

a. 0.067 b. 0.117 c. 0.667 d. 1.176 e. 6.667

Which of the following is a goal of a welfare system?

A. To make recipients happy B. To reduce the number of children born C. To provide an adequate standard of living D. None of the above