Answer:
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Explanation:
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The correct answer is "decrease".
Gas (oil) is considered a necessary input in the business, as it is required for the production process. Its price would be taken into account as a production cost.
<u>One of the factors that affects the supply of a good or service is the price of the inputs used during the manufacturing process.</u> The higher the price of inputs, the higher the costs of production, and the higher the price that the firm needs to set in order to gain an acceptable profit margin per unit sold.
On the other hand, the relationship between the price of inputs and the price of the products also works in the opposite direction. If the costs of the factors of production decrease, the firm can become more competitive in the markets by establishing a lower price for the product while it can continue earning the same, or even a larger, profit margin. <u>Therefore, the price of the product will decrease if so do the prices of inputs. </u>
American settlers started moving west because they wanted a better life, a big factor of settlers moving west was also for land since it was very cheap, also gold and mining opportunities.
It was because they were inspired by the renewed interest in Greek and Roman culture.
Correct answer choice is:
B. The Great Leap Forward
Explanation:
The Great Leap Forward of the People's Republic of China held a financial and political campaign by a single Communist Party of China from 1958 to 1962.
The Great Leap Forward designed to advance cultivation and manufacturing. Mao considered that both had to develop to enable the other to produce. The production could just benefit if the workforce remained well supported, while the farming operators required industry to build the advanced tools required for modernization. To support for aforementioned, China was transformed into a group of municipalities.
