The correct answer is: "
considered to be doing business on the black market".
Rationing takes place when a certain market (for example, appartment market) is not in equilibrium and there is an excess of demand hence, the amount demanded of such product is larger than the number of units that are supplied.
If price variations are not allowed under a certian economic system, the price of the product cannot rise and the equilibruim in this market cannot be restored. Therefore, the available units of the product are allocated among the consumers by using a rationing mechanism that establishes certain rules to state which of those consumers would receive the product first, who go next and who cannot have it at all.
If some of the consumers violates the established rules and <u>offers a higher price (which is not allowed), it evidences the emergence of black market practices that circumvent the rationing mechanism. </u>
Answer:
A is the correct answer hope it helps
I think it was 640 B.C.
hope it helps
The Algonquin had gained controlled of the ohio river
Answer:
The use of the abacus was expanded and refined.
Explanation:
The abacus was invented during the Yuan Dynasty which lasted between 1206AD till 1368AD and then it was expanded and refined by the Ming Dynasty (1368AD-1644AD).
There have been archaeological proof of this as the writings of Tao Zongyi describes in his book that the new servants, unlike the older and more experienced ones were "just like abacus heads" and that they would not move unless they were made to move. This bears credence to the fact that the abacus was already widely used then.
An abacus was used to count numbers.
