Author Question: Cigarettes served as money in some prisoner of war (POW) camps during World War II. Given this, we ... (Read 22 times)

nenivikky · **on:** Jun 30, 2018

Cigarettes served as money in some prisoner of war (POW) camps during World War II. Given this, we would expect to observe

A) no one ever smoking a cigarette.
B) prices of other goods expressed in terms of cigarettes.
C) only government-issued cigarettes being accepted as money.
D) people usually resorting to barter rather than using cigarettes as money.

Question 2

Which of the following is most likely to reduce the rate of economic growth?

A) investment in human capital B) a high domestic saving rate
C) subsidies for R&D activities D) slow technological progress