With America's participation in Vietnam war, military spending grew. It started with Kennedy's little military activity, which later on Johnson would turn into a significant military initiative. In the last period of the 1960's, government failed in raising taxes to pay for this activity, which resulted in the tearing down of the country's prosperity.
The Vietnam War continued to 1975, and after Nixon's resign, America seemed incapable of controlling events, together with economic issues. There was a deficit in trading activity, since cheap imports represented a challenge and inflation rose as well as unemployment. Eventually, America's economic activity decreased significantly, and Vietnam War was the turning point for this.
Answer:
the answer is d i am guessing lol sorry i tried
Explanation:
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>
Hey. slash and burn agriculture is most often practiced in places where open land for farming is not readily available because of dense vegetation. These regions include central Africa, northern South America, and Southeast Asia. Such farming is typically done within grasslands and rainforests.
