What function were cigarettes best

Assignment Help Microeconomics
Reference no: EM13883780

While watching Stalag 17, consider the unconventional form of money that was being used, namely cigarettes. Describe how cigarettes addressed each of the 3 functions of money. What function were cigarettes best and worst at satisfying? Has there ever been a situation where you have used a nonconventional form of money? Use the Radford article to support your position. 

Reference no: EM13883780

Questions Cloud

Presume a zombie apocalypse will occur : Presume a Zombie Apocalypse will occur. Describe how it will affect one of the major economic variables (consumption, investment, government expenditures, imports and exports, capital, profits, labor force, banking, money...)
What will united states look like without illegal immigrants : Is an amnesty program (with a deadline date) the best solution to solving the problem of immigration in America? What will the United States look like without illegal immigrants? (Perhaps examine some of the states with new firm immigration polici..
Differentiate between centralized data processing : Differentiate between centralized data processing and distributed data processing.
As shown in the i love lucy video clip : As shown in the I Love Lucy video clip, A Little Bit of Cuba and a Big Hunk of America are both in the restaurant market. Imagine the kind of market structure that restaurants in general operate in. a. Using the table provided in the AVP describing t..
What function were cigarettes best : While watching Stalag 17, consider the unconventional form of money that was being used, namely cigarettes. Describe how cigarettes addressed each of the 3 functions of money.
Generate new variables for the growth of the real gdp : Generate new variables for the growth of the real GDP (at constant prices), the growth of labor force and the ratio between external debt and real GDP.
How is data mining different than data warehousing : How is data mining different than data warehousing?
Calculate the degree of conversion : Calculate the degree of conversion if the feed to an ammonia synthesis reactor is a mixture of N2(g), H2(g) and NH3(g) in the mole ratio 1:3:0.1 at 800 K and 100 bar. Assume that the reaction mixture behaves like an ideal gas.
What is the market value of winglers stock : Your broker offers to sell you shares of Wingler & Company common stock, which paid a dividend of $2 yesterday. You expect the dividend to grow at a rate of 5% per year into perpetuity. If the appropriate rate of return for the stock is 12%, what is ..

Reviews

Write a Review

Microeconomics Questions & Answers

  Why is energy efficiency same thing as economic efficiency

Engineers at a national research laboratory built a prototype automobile that could be driven 180 miles on a single gallon of gasoline. They estimated that in mass production the car would cost $40,000 per unit to build.

  How would you determine which were important

What factors might these types of stores have in common behind their declines? How would you determine which were important and which were not?

  What is equilibrium price and quantity of bonds in market

What is the equilibrium price and quantity of bonds in this market? What is the interest rate in this market, given your answers above?

  The availability of substitutes affect the price elasticity

Include how the necessity of a good and the availability of substitutes affect the price elasticity of demand in case of gasoline as a commodity.

  What is the elasticity of demand for cigars

What is the elasticity of demand for cigars and Is demand at the current price elastic or inelastic - What is Ryan's income elasticity of Robot demand?

  Explain the four basic international business strategies

You should comment on the success and/or failure of its approach and implementation as stated in the text and posted readings and how it may have modified its organization, supply or marketing over time given changes in its markets

  Linear program using the graphical solution procedure

Solve the following linear program using the graphical solution procedure. Max z = 5x1 + 5x2 s.t. 1x1 ≤ 100

  Due to potential problems with its breaking system

Antonio, an accountant working for the city of Santa Cristina,decides to forego his annual vacation to Hawaii when word leaks out that the city may be cutting all employees’ salaries by 10 percent at the end of the year

  Distinguish technical efficiency from economic efficiency

Distinguish the various cost curves and describe the relationships among them - Explain the role of the firm in economic analysis and describe the production process in the short run - Distinguish technical efficiency from economic efficiency.

  Write a reflection paper on chosen person

What type of person becomes this type of risk taker - What challenges did he or she face and overcome?

  Has the fed saved us from another great depression

Has the Fed saved us from another Great Depression? Since the recession of 2007, the U. S. Federal Reserve has increased bank reserves and brought the federal funds rate (interest rate charged with banks on interbank loans) down to 0.25 %. Did this p..

  What serum markers are found

What are the signs of preicteric and icteric stages of acute hepatitis and What serum markers are found?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd