It’s a I just done the same thing and I looked at the awncer
The answer should be something like this:
how best to allocate scarce resources among competing uses.
<u>The new Amsterdam a strong colony:</u>
A good sea port enhances the whole economy in many different ways which eventually made New Amsterdam such a strong colony in the early years.
New Amsterdam which was established by Dutch colonisers is now named as New York City. This town was founded on the Manhattan Island as an optimal permanent settlement by the Dutch West India Company and was located on the Hudson River.
With the town situated on the banks of Hudson River and being an island it gained a powerful status with its port. The New Amsterdam was blessed with a good sea port to take care of the operations that were going on nearby without any fear of getting noticed.
The answer is the highlighted part of it i’m sure
Some goods are needs, and not wants. If the company decided to overprice, then when nobody can afford, everybody suffer. That is why the Office of Price Administration set limits to prices to avoid high prices and inflations.
hope this helps
