Answer:
Trade was restricted so the colonies had to rely on Britain for imported goods and supplies. There were no banks and very little money, so colonists used barter and credit to get the things they needed. Following the French and Indian War, Britain wanted to control expansion into the western territories.
In royal colonies, the governor and the council were appointed by the British government. ... In proprietary colonies, these officials were appointed by proprietors, and they were elected in charter colonies. In every colony, the assembly was elected by property owners.
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Answer:
a general increase in prices and fall in the purchasing value of money.
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>
