The output is the finished good or service, and inputs are raw materials, labor, utilities, liscensing fees, or other goods. These inputs are also known as factors of production. If the price of inputs goes up, the cost of producing the good increases
Al Gore's roommates at Harvard were Tommy Lee Jones , today an actor (e.g. Batman Forever), and Bob Somerby, who later became an editor for a media criticism website.
<u>Answer:</u>
<em>Companies passed on production and transportation costs to consumers</em>
<u>Explanation:</u>
An increase in oil prices will add to a higher inflation level. This is on the grounds that transport costs will rise prompting more increased prices for many products. <em>This will be cost-push inflation which is very unique to inflation brought about by rising aggregate excess/demand growth. </em>
Consumers will see a decline in unrestricted income. They bear a higher cost of transportation, yet don't have the compensation of income rise. <em>Higher oil costs can prompt slower economic development – especially an issue if consumer spending is less.</em>
Jacques Cartier was the explorer who sailed for France trying to find the Northwest Passage but instead ended up going through the St. Lawrence River and founding New France which is now known as Canada. Jacques Cartier was born on 31st of December 1491 and died on 1st September 1557. He was the first European who is credited for having mapped the Gulf of St. Lawrence and also the shores of St. Lawrence River. He improved his social status by marrying Mary Catherine des Granches.
