The use of commodity money
a. has a high opportunity cost.
b. does not provide an adequate unit of account.
c. creates a mutual coincidence of wants problem.
d. creates inflation.
e. All of the above.
Question 2
The Contract Labor Law, which was passed in 1864 and repealed in 1868,
a. authorized labor contracts made abroad between American companies and foreign workers.
b. resulted in a large increase in European immigration to the U.S.
c. was supported by American wage earners.
d. authorized workers to strike and engage in collective bargaining.
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Learn Canadian money grade 1