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Why were goods more expensive on black market?
because its hard to get when there is a war because they need to use the recorsise ****************************************************** During war-time rationing, any goods bought on the black market could be sold at a higher price. Otherwise, you could not get the goods by using your ration book, and had to do without.
A system of allocating scarce goods and services using criteria other than price is .?
A system of allocating scarce goods and services using criteria other than price is known as a non-price rationing mechanism. Non-price rationing mechanisms include methods such as first-come, first-served, lottery, merit-based allocation, and need-based allocation. These mechanisms are often used in situations where price-based allocation may not be fair or equitable, such as in healthcare, education, or disaster relief efforts.
A system of allocating scarce goods and services using some criteria other than price?
rationing
What is a system of allocating scarce goods and services using criteria other than price called?
A barter system, where people trade their goods and services for other goods or services as opposed to trading goods and services for money.
What did ancient sumerians practice when they traded goods and services without using money?
Barter
Why were goods more expensive on black market?
because its hard to get when there is a war because they need to use the recorsise ****************************************************** During war-time rationing, any goods bought on the black market could be sold at a higher price. Otherwise, you could not get the goods by using your ration book, and had to do without.
What are 3 problems of allocating goods and services using nonprice-related methods?
The three problems of allocating goods and services using the non-price related methods is that it may lead to the exploitation of the customers, price fixing and may lead to huge loses.
What is an economic system in which people exchange goods without using money?
Bartering
A system of allocating scarce goods and services using criteria other than price is .?
A system of allocating scarce goods and services using criteria other than price is known as a non-price rationing mechanism. Non-price rationing mechanisms include methods such as first-come, first-served, lottery, merit-based allocation, and need-based allocation. These mechanisms are often used in situations where price-based allocation may not be fair or equitable, such as in healthcare, education, or disaster relief efforts.
A system of allocating scarce goods and services using some criteria other than price?
rationing
What is a system of allocating scarce goods and services using criteria other than price called?
A barter system, where people trade their goods and services for other goods or services as opposed to trading goods and services for money.
What did ancient sumerians practice when they traded goods and services without using money?
Barter
How do you measure the change in value of money?
Price indices are used to measure the general price level change in an economy. Price levels are calculated periodically using a price index and compared with previous years. The price index usually contains select goods and services that affect consumer spending, these include food and drink, household goods and services, clothing, etc.
How system knows what range of memory it has allocated while using free?
use free() how does the system know what range of memory it has allocated use free() how does the system know what range of memory it has allocated
How can one acquire assets without using money?
One can acquire assets without using money by trading goods or services, bartering, or leveraging skills and resources to exchange for assets.
Why did industrilisation start in Britain?
because it was the way to produce the largest amount of goods at the lowest price using the least skill for sale.
What is the exchange of goods without using money?
This is called the barter system.
