You Use $50,000 of Your Own Money to Start a Catering

question 43

Multiple Choice

You use $50,000 of your own money to start a catering business. During the first year you earn a 5% return on that investment. If the current interest rate is 8%, you earn an economic profit of

• A) -$4,000.
• B) -$2,500.
• C) -$1,500.
• D) $4,000.

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Definitions:

Top 0.1 Percent

Refers to the wealthiest 0.1% of a population, often highlighting disparities in income and wealth distribution.

Hegemonic Masculinities

A concept that explains the cultural dynamics that ensure male dominance over females by promoting certain values and behaviors as the norm.

Economic Enterprises

Organizations or businesses engaged in commercial, industrial, or professional activities with the aim of generating profits.

Racial Wealth Gap

The significant disparity in median wealth between different racial and ethnic groups in a society, often resulting from historical inequities and systemic racism.