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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.
Were oranges available during the war?
Many foodstuffs (including oranges) that had to be imported during the war, was in short supply or not available.
What is defense logistics?
Short answer - warehousing and supply for the military.
What did people save to be reused during World War 2?
During world war two, metal was of short supply, and needed for the war effort. As americans, in support for the troops, and war effort, all metal was saved, and recycled..
Why items were in short supply in 1940's?
items were in short supply for Britain because all their cargo ships bringing food and other things in from the US were torpeoded and sunk by the German UBoats
What is it called when you make profit off of goods that are in short supply?
In modern times, virtually nothing has been in short supply, but during World War II and for a few years afterwards, lots of goods were rationed and in short supply. People who were involved in the illegal supply of these goods were known as 'spivs' and the trade was known as the 'black market' and they were 'profiteering'.
Making profits off of goods that are in short supply?
profiteering
What is the term for selling goods in short supply at inflated prices?
Gouging .
Were the five year plans the best way to move soviet economy forward?
Yes it was because soviet citizens found their personal freedoms limited, consumer goods in short supply, and dissent prohibited.
What is it called in Great Britain when making profits off of goods that are in short supply?
This is something that happened during World War II and was known as the Black Market.
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.
An increase in the supply of labor will?
In a free-market an increase in the supply of labor will reduce wages and increase unemployment. It will also lower the price of produced goods as wages decrease. This effect is complicated by minimum wage laws. If wages cannot decrease due to legislation the effect will simply be an increase in unemployment and prices in the short run will remain static. If the population increase is significant it is possible for the price of goods to increase due to the increased demand for consumer goods.
What is the shape of supply curve during the market period?
The supply curve during the market period is perfectly inelastic and vertical. This shows that the supply cannot be increased in the short run.
What supply was japan short on during World War 2?
Oil
Why did the people in World War 2 have to register to buy things?
It was the rationing method for allotment of goods so that all could obtain a share of goods that were in short supply.
Was there a short supply of food during rationing?
yes, of course this is why food was rationed.
Suppose that the government reduces taxes on imported consumer goods. Use the model of aggregate demand and aggregate supply to explain what would happen to the price level and the output level of the economy in the short run?
The model of aggregate demand and aggregate supply can be used to explain what would happen to the price level and output level of the economy in the short run if the government reduces taxes on imported consumer goods. This can be illustrated with a diagram. In the diagram, the aggregate demand (AD) curve is downward sloping and the aggregate supply (AS) curve is upward sloping. The equilibrium price level is determined by the intersection of the two curves. Initially, the equilibrium price level is P1 and the equilibrium output level is Y1. When the government reduces taxes on imported consumer goods, the aggregate demand curve shifts to the right. This shift is represented by the movement from AD1 to AD2 in the diagram. The new equilibrium price level is P2, which is lower than the original price level. The new equilibrium output level is Y2, which is higher than the original output level. In summary, the reduction in taxes on imported consumer goods leads to a decrease in the price level and an increase in the output level in the short run. This is due to an increase in aggregate demand.
