Say their is a scarcity of Jordan shoes then they become high priced because of the scarcity of the product. So scarcity effects most of the economic decisions because of how less of something their is.
Answer:
- Families planted gardens to grow their own food.
- Customers had to use ration books at the grocery store.
Explanation:
To make use of every resource possible, the federal government imposed strict regulations about the purchase and consumption of goods. In each county, local citizens were put in charge of regulating the market. A parent could not even buy a bicycle for a child without permission, since metal frames and rubber tires were made of scarce commodities. Most groceries were controlled by rationing; that is, individual families could buy only so much of any item each month. <em><u>Families were issued ration books and could only use the coupons inside for buying certain amounts.</u></em> Prices were controlled by the coupons, and if a family ran out of coupons before the end of the month, they had to make do with what they had. Since gasoline was needed for the war effort, it was strictly limited. People drove only when they had to. One North Carolinian coped by building an electric car to get to work. Its “two V-8 Ford starter motors” were powered by two car batteries. He steered with a lever and sat in a plywood box. <em><u>Families again were encouraged to plant “victory gardens” to raise more of their own food.</u></em>
An artificial monopoly is a monopoly created by law, for example, the state makes an arrangement with a specific post service, making it the main or the only postal service in the country.
A natural monopoly is a monopoly that is no enforced but which emerges due to high infrastructure costs, so for example the infrastructure of water supply makes the company who built the pipes the monopoly.
Dinosaur, but some sea animals lived before the Dinosaurs but since you do not have any sea animals it’s going to be Dinosaurs. Here’s a picture to state my answer.
