PRINCIPLES OF MACROECONOMICS(LOOSELEAF)
7th Edition
ISBN: 9781260110920
Author: Frank
Publisher: MCG
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Question
Chapter 10, Problem 1P
(a)
To determine
Explain how cigarettes fulfilled the three functions of money in the prisoners’ camp.
(b)
To determine
Explain why the prisoners chose cigarettes to make transactions.
(c)
To determine
Determine whether a non-smoking prisoner would have been willing to accept cigarettes for transactions.
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Chapter 10 Solutions
PRINCIPLES OF MACROECONOMICS(LOOSELEAF)
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