If real GDP is $4 billion, the price level is 1.25, and the nominal money stock is $500 million, then velocity is

A fundamental reason that governments provide public goods is that

A) those goods are subject to the free-rider problem. B) negative externalities are part of the production process of those goods. C) public goods are merit goods. D) those goods are perfectly divisible.

It seems evident that countries would have an advantage in producing those goods that use relatively large amounts of their most abundant factor of production

a. True b. False Indicate whether the statement is true or false