Prisoners Sometimes Determine a Single Good to Be Used as Money.This

question 20

Multiple Choice

Prisoners sometimes determine a single good to be used as money.This good becomes

• A)a medium of exchange and a unit of account.
• B)a medium of exchange,but not a unit of account.
• C)a unit of account,but not a medium of exchange.
• D)neither a unit of account nor a medium of exchange.

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Definitions:

Psychologically

Pertaining to the study of the mind and behavior, or relating to mental processes and emotional responses.

Unemployment Rate

The proportion of people in the workforce who are unemployed and seeking work actively.

Employed

The state of having a paid job or being engaged in a profitable activity.

Unemployed

Individuals who are willing and able to work but cannot find employment.