During World War II, prisoners of war used ________ as money.
A) chocolate B) cigarettes C) bullets D) cowrie shells
Question 2
Economists Cade Massey and Richard Thaler analyzed whether teams in the National Football League distributed salaries efficiently. Massey and Thaler found that
A) both rookie players and veteran players are paid less than the value of their marginal products because of the lack of competition among teams.
B) veteran players who sign as free agents are paid more relative to their marginal products than rookie players selected in the first round of the draft.
C) rookies are paid salaries greater than their marginal products; veteran players are paid salaries less than their marginal products.
D) the first few players selected in first round of the NFL draft are paid much higher salaries relative to their marginal products than players drafted later in the first round.
Matthew Ritchie, No Sign of the World.
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