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The accumulation of war bonds during World War 2 coupled with the scarcity of consumer goods led to?
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What did mercantilism mean in history?
an economic system developing during the decay of feudalism to unify and increase the power and especially the monetary wealth of a nation by a strict governmental regulation of the entire national economy usually through policies designed to secure an accumulation of bullion, a favorable balance of trade, the development of agriculture and manufactures, and the establishment of foreign trading monopolies
What is it called when each worker performs an assigned task again and again at a certain stage in the production of a product?
The assembly line method of production. Brought to the forefront by Henry Ford in his production of the Model T. Soon used for other consumer goods during the 1920s such as refrigerators and radios (wirelesses).
Crispus Attucks died during the?
During the boston massacre.
Who did the Nazis persecute during World War 2?
The Nazis persecuted the Jews During WWII
What year did the stock market crash during World War 1?
During The 1920's
What does the market favor during scarcity?
Price rises.
What are the characteristics of scarcity?
Scarcity is limited resources of land, labor, and capital. When there is scarcity it leads to giving up wants in order to have what is needed. Sometimes giving up needs in trade for another need is required to survive the scarce resources.
Who does the market favor during scarcity?
If there is too much of something, then the price will be too low to produce it. There has to be scarcity to make it worthwhile for both parties. a+ Producers
What was a major problem for the colonies during the revolution?
The high price and scarcity of goods.
Which economic concept is associated with rationing during world war ii?
scarcity
What are facts about deflation during the late 19th century?
It was caused by a scarcity of gold
The accumulation of knowledge and technology that developed during the dark ages culminated in the?
Renaissance
What caused the Russia revolutio?
The Russian Revolution had a series of causal factors. The Czar's poor leadership after he assumed responsibility for the military, coupled with the losses during World War I resulted in his loss of his army. When widespread rioting began due to a scarcity of food, his army took the side of the people. The Duma urged the Czar to abdicate, establishing an interim government.
What is a seasonal buildup?
A seasonal buildup refers to an accumulation or increase in a particular activity, demand, or occurrence that typically happens during a specific season of the year. This term is often used in business or industries where there are fluctuations in sales, supply, or consumer behaviors based on seasonal patterns.
Does economic growth overcome scarcity?
Yes and No. Yes: From the consumer perspective, when the economy growth speeds up, their purchasing power increases, thus they can afford to buy a plentiful amount of goods. During this time of growth consumers are not worried about the store running out of goods because they can't see the limits. No: The Faster the economy grows, the faster we deplete our natural resources, thus making the natural resources even more scarce over time. The consumer isn't aware of any resource limits, so the only way to communicate to the consumer that the materials needed to manufacture a good is becoming scarce is by raising the price of the good. By raising the price of goods consumers lose purchasing power, thus a lot less goods are allocated per consumer balancing out scarcity and allocation.
Why do broad leaf trees shed leaves?
To cope with adverse conditions of water loss during scarcity of water.
Why do you get an electric shock when you touch a car door handle?
From the accumulation of static electricity during dry weather.
