When Prisoners Use Cigarettes or Some Other Good as Money,cigarettes

question 73

Multiple Choice

When prisoners use cigarettes or some other good as money,cigarettes become

• A)commodity money,but do not function as a unit of account.
• B)commodity money and function as a unit of account.
• C)fiat money,but do not function as a unit of account.
• D)fiat money and function as a unit of account.

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Definitions:

Mass Consumption

A pattern of economic growth where a large portion of the population engages in the purchase and consumption of goods and services in significant quantities.

Henry Ford

Henry Ford was an American industrialist and founder of the Ford Motor Company, known for revolutionizing the automobile industry with the introduction of assembly line manufacturing techniques.

19th Century

The period from January 1, 1801, to December 31, 1900, characterized by significant industrial, cultural, and political changes globally.

Labor

The effort by humans to produce goods or services in the economy.