The quantity equation states that
A) M + V = P + Y.
B) the money supply (M) divided by the velocity of money (V) equals the price level (P) divided by real output (Y), i.e., M/V = P/Y.
C) M × V = P × Y.
D) M - V = P - Y.
C
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The Shipbreakers of Alang arouse the ire of Greenpeace because of
A) India's non-repentant nuclear stance. B) India's import-competing industrialization policies. C) the difficulty of avoiding ship accidents between Greenpeace's sailboat and the reconstructed Container ships of Alang. D) the large amount of pollution associated with the operations at Alang. E) their competition with capital-intensive industries.
An advantage of the decision tree is that
A) it eliminates the need for calculating the cost of capital. B) it eliminates the need for calculating probabilities. C) it causes the analyst to consider important events that may occur in the course of the project, and decisions and actions that may have to be undertaken. D) All of the above