Describe the economic consequences associated with the inefficient allocation of resources associated with the rationing of private consumer goods and services during World War II.Explain why there was a rise in the proportion spent on food at a time when incomes were increasing during this period.

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The Answer of Describe the economic consequences associated with the inefficient allocation of resources associated with the rationing of private consumer goods and services during World War II.Explain why there was a rise in the proportion spent on food at a time when incomes were increasing during this period.

Describe the Economic Consequences Associated with the Inefficient Allocation of Resources