Consider a Simple Economy That Produces Only Chocolates

question 71

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:

ATP

Adenosine triphosphate, an organic compound that provides energy to drive many processes in living cells, such as muscle contraction, nerve impulse propagation, and chemical synthesis.

Extracellular Matrix

A complex network of proteins and carbohydrates surrounding cells, providing structural and biochemical support.

Channels

Structures or proteins that allow the passage of ions or molecules across cell membranes or through the cytoplasm.

ATP

A molecule known as ATP is essential for transferring energy inside cells to fuel metabolism.