Question consider how the following situations would affect, Ask an Expert

Economics

Question: Consider how the following situations would affect the economy's monetary system.

a. Suppose that the people on Yap discovered an easy way to make limestone wheels. How would this development affect the usefulness of stone wheels as money? Explain.

b. Suppose that someone in the United States discovered an easy way to counterfeit $100 bills. How would this development affect the U.S. monetary system? Explain.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M93113569

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