PRINCIPLES OF MACROECONOMICS (LL)W/ACC.
PRINCIPLES OF MACROECONOMICS (LL)W/ACC.
7th Edition
ISBN: 9781264088980
Author: Frank
Publisher: MCG
Question
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Chapter 10, Problem 1P

(a)

To determine

Explain how cigarettes fulfilled the three functions of money in the prisoners’ camp.

(b)

To determine

Explain why the prisoners chose cigarettes to make transactions. 

(c)

To determine

Determine whether a non-smoking prisoner would have been willing to accept cigarettes for transactions.  

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Can you show me the answers for parts a and b? Thanks.
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