<span>The great expansion of overseas trade during the 16th century, largely a result of voyages of discovery, favored the Atlantic coastal ports. A consequence was the decline of the trading cities of northern Italy.
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Correct answer choice is :
<h2>B) An increase in workers’ wages raises the production cost of cars, and car prices rise as a result.</h2><h2 /><h3>Explanation:</h3><h3 />
This shift can happen from an improvement in the cost of production or a decrease in the volume of production. An increase in the Aggregate Market curve effects Demand-Pull inflation. Rising prices create a request for higher wages, which directs to higher production costs and further higher pressure on prices.
People during the Industrial Revolution lived lives of constant work and sleep. They did dangerous factory work for little pay and lived in rags for small amounts of money. However, they accepted the conditions they lived in (all up until the Peasant riots) because they needed a way to support their family. When children were old enough to walk, you bet they were working with their parents. Factory owners didn't treat their workers well because they didn't have to. For a long while, people just accepted their filth and rags and let the rich stay rich.
