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Galina-37 [17]
3 years ago
14

Which statement explains how a large increase in the price of gasoline would affect a country's economy?

History
1 answer:
Wittaler [7]3 years ago
5 0

Answer:

D . Prices would become unstable and erode the value of money and savings.

Explanation:

An increase in the price of gasoline directly affects the economy of a country. <u>Gasoline price increases and it increases inflation and reduces the economic growth of the country.</u>

Inflation is defined as the condition at which price of a good increases at a time period that result into drop in the power of money.

Increase in oil price affect price of other things such as manufacturing and transportation which further affects price of other goods and services. So, increase in gasoline price affects other goods and service prices and erode the value of money and savings.

Hence, the correct answer is "D . Prices would become unstable and erode the value of money and savings."

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Please match the word(s) to the correct definition.
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Answer:

1. Major John Pitcairn - He was wounded during the Battle of Bunker Hill and died shortly after. He was shot while attempting to rally the British troops.

2. Peter Salem - minuteman that served with the American forces at the Battle of Bunker Hill. Two different sources credited him with shooting British Major Pitcairn as he was attempting to rally the British troops.

3. Dr. Joseph Warren - He was the spy that sent warning, through the Midnight Riders, of the British moving on Lexington and Concord to seize the munitions stored there and to capture John Hancock and Samuel Adams. He served at Bunker Hill and was killed as he continued to stand his ground as the position was being overrun by the British forces.

4. Colonel William Prescott - Was chosen to lead 1,200 men to erect defenses on Bunker Hill. Under his command, the Massachusetts Militia forces withstood the British bombardment and two British assaults. His forces would be forced to retreat during the 3rd assault when they ran low on ammunition and the British overran the militia defenses.

5. Major General William Howe - British commander during the Battle of Bunker Hill. He chose to try to intimidate the colonial militia forces with a show of force rather than an effort to surround the position and force the militia to surrender. He ordered 3 assaults on the hill, which resulted in heavy losses to the British troops.

6. Charlestown, Massachusetts - The town was burned by the British on June 17, 1775, due to fire from sniper coming from the town, directed at British troops.

7. Pyrrhic Victory- is a "win" that inflicts such a devastating toll on the victor of the battle, that it can almost be considered a loss.

Explanation:

1. Major John Pitcairn was an officer of the British government sent to Boston, Massachusetts during the American War of Independence. He was killed by Peter Salem during the Battle at Bunker Hill while attempting to rally the British troops.

2. Peter Salem was the man credited with killing Major Pitcairn, a British officer stationed in Boston.

3. Dr. Joseph Warren was a spy who helped warn John Hancock and Samuel Adams about the incoming British troops to Lexington and Concord. Through the Midnight Riders, he helped save the ammunition that was stored but was killed during the Battle at Bunker Hill.

4. Colonel William Prescott was given the post of a commander in leading 1,200 men to erect defenses at Bunker Hill. And it was also under his command that the British's attacks were successfully withstood for the first two assaults but they were then defeated during the third assault due to a shortage of ammunition.

5. Major General William Howe was the Commanding officer during the Battle at Bunker Hill who used intimidation and force against the militia. His act of ordering continuous assaults led to a massive loss for the British troops.

6. Charlestown in Massachusetts was burned by the British troops on June 17, 1775, from a sniper's fire which was supposedly directed at the British troops.

7. Pyrrhic Victory is a term that is a "win" or victorious situation but which also incurs a huge loss for the winner. So, in simple terms, the victory isn't as successful as it should have been.

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