Author Question: Soldiers in a World War II prisoner-of-war camp A) used cigarettes as money. B) used cowrie ... (Read 11 times)

c0205847 · **on:** Jun 29, 2018

Soldiers in a World War II prisoner-of-war camp

A) used cigarettes as money. B) used cowrie shells as money.
C) used U.S. dollars as a commodity money. D) used gold as a fiat money.

Question 2

Refer to Figure 3-5. At a price of 5,

A) there is a scarcity of 4 units. B) there is a surplus of 4 units.
C) there is a shortage of 4 units. D) there is a shortage of 6 units.