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Q1. Throughout 2nd World War, U.S. prisoners of war utilized cigarettes as a form of money. Cigarettes were used to purchase something that was for sale in the prison camps. As we have discussed conversely that money should possess the qualities of durability, portability, divisibility, uniformity, ease of recognition and scarcity, and discuss the advantages and disadvantages of cigarette money in this prison economy in terms of these 6 criteria.

Q2. As to think take some time and illustrate about the ways in which you're learning in this class relates to the real world. Illustrate the knowledge you achieve been valuable in helping you understand or evaluate events or policies? Explain is there any present events in the news that you can directly link to concepts or theories covered so far?

Business Economics, Economics

  • Category:- Business Economics
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