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Why would a nation ration goods and services in time of war?
Goods may be rationed during wartime for a couple of reasons. When commodities become scarce (which can happen during wartime) and demand remains the same prices will rise, maybe a lot. Rationing reduces the demand and thus keeps prices from going out of reach for ordinary income people. Some commodities such as tires, gasoline, etc. are needed for the war effort, rationing makes them available for this purpose. I don't remember services being rationed but if they were it would be for the same reasons.
The American economy during World War 2 can be described as?
energized by high military spending and low unemployment The economy was stimulated by the war and the military's need for many goods and services. Many jobs were created as military contracts stimulated demand in thousands of factories.
Why were many goods unavailable in the US during World War 2?
Some goods, like butter for instance, were unavailable or in short supply because of war rationing. Priority for these goods was given to the armed forces, so the civilian population had to forgo them until after the war.
Why did inflation occur in both the North and the South during the Civil War?
The limited supply of goods caused prices to rise.
What kind of trade barrier is used during a war?
Not so good in this stuff but I'm sure it would be high tariffs or taxes on the opposing nations goods and low taxes on goods made in the same nation..?
During a time of war who is the GNPs largest purchaser of goods and services?
The US Government
During a time of war who is the GNP's largest purchaser of goods and services?
The U.S. government(Kaylop)
During a war time who is the GNP's largest purchaser of goods and services?
The U.S. government(Kaylop)
What is buyer insolvency?
buyer insolvency is the situation in which the purchaser ( importer of goods or services) is unable to pay for the goods or services exported by exporter to him.
Define an international consumer?
An international consumer is a purchaser of goods/services overseas in other countries and continents.
Who is the worlds largest producer of goods and services?
The United States is currently the world's largest producer of goods and services.
The largest federal government purchase of final goods and services is?
defense
What is the largest federal government purchase of final goods and services for?
Defense
What is the single largest US consumer of goods and services?
US Federal Government
WHAT IS CashOnDelivery?
The process of paying for the goods purchased when they are delivered to the purchaser.
Who are the four largest importers of the US goods and services?
in order Canada, Mexico, China, and Japan
Which of the following is the world's largest consumer of goods and services?
The question is incomplete. No options are given (for which of the following) to answer the question.
