Consider a Simple Economy That Produces Only Chocolates

question 33

Multiple Choice

Consider a simple economy that produces only chocolates.The economy produces 100 bars of chocolates in a year, and a chocolate bar costs $5.If the quantity of money supplied in the economy is $25, then the velocity of money is:

• A)2.5
• B)10
• C)20
• D)1000

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Definitions:

Separation Strategy

involves creating a clear differentiation or boundary between elements such as business units, projects, or functions to enhance focus and performance.

Bicultural Audit

An assessment process that examines the integration and coexistence of two distinct cultures within an organization, typically following a merger or acquisition.

Distinct Industries

Separate or unique sectors within the economy, each with its own characteristics and market dynamics.

Deculturation

Is the process by which the culture of an indigenous people or group is lost or destroyed.