Think of the quantity theory of money: If V = 5, P = 100, and Q = 10, then M is
a. 20
b. 10
c. 500
d. 1,000
e. 200
E
You might also like to view...
The bulk of exports from non-industrial countries are
a. manufactured goods b. primary products c. agricultural goods d. natural resources e. raw sugar products
When applying the marginal principle, you should pick the level at which the activity's marginal benefit equals its marginal cost.
Answer the following statement true (T) or false (F)
The FDIC helps prevent
A. risky behavior on the part of bankers. B. bank runs. C. inflation. D. risky behavior on the part of depositors.
A firm hires labor, capital, and land to produce grapefruits. Currently the marginal product of the last unit of labor input is 40, the marginal product of the last unit of capital input is 60, and the marginal product of the last unit of land input is 200. The market wage is $20 and the market price for capital is $30. If the firm is using the optimal combination of inputs, then the price of land is
A. $4. B. $40. C. $100. D. indeterminate from the given information.