Cigarettes served as money in some prisoner of war camps during World War II.Given this,we would expect to observe

Question

Quizplus · Accepted Answer

If cigarettes were used as money in prisoner of war camps during World War II, we would expect to observe the prices of other goods expressed in terms of cigarettes. This is the common practice in any monetary economy where a particular currency serves as a medium of exchange. People would quote prices in terms of cigarettes, and other prisoners would use cigarettes to pay for those goods and services. The other options are less likely to be observed because people might still smoke cigarettes, and barter might not always be a feasible option. There is also no reason to believe that only government-issued cigarettes would be accepted as money.

Cigarettes Served as Money in Some Prisoner of War Camps