1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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."

You might be interested in
Can Someone Explain To Me The Warner Bros Cartoon '' Sunday go to Meeting time''.
love history [14]

Answer:

whatttttttttttttttttt

Explanation:

3 0
3 years ago
Which of the following are examples of Ronald Reagan's domestic philosophy and policies? A. Congress enacted the largest single
andreyandreev [35.5K]
If you can pick more than one, almost all of these are true (A, D, E). The ones that ARE NOT true would probably be: (B) Congress did not embark on a $1.6 trillion dollar expansion of the military, AFAIK. Military spending definitely rose, but the national debt rose by roughly that much due to the deficits created by the new budgets as a result of everything else -- not just the military. (C) is definitely not true, either; Reagan cut taxes for the highest tax tiers while closing loopholes, exemptions, and raising taxes on the lower tiers. If you were middle to lower class in terms of economics, you were hit.
8 0
3 years ago
Read 2 more answers
Why did people migrate to Texas?
Kobotan [32]
I would say prospect of jobs or lands
8 0
3 years ago
Which statement is best supported by the information found in the chart?
DochEvi [55]

Answer:

Most were/are peasants or working class

Explanation:

8 0
3 years ago
guess what i found Prophet Muhammed in the Bible if you read the one that all lovely its says muhammedim I'm is a plural of resp
fgiga [73]

Answer:

okay den

Explanation:

4 0
3 years ago
Read 2 more answers
Other questions:
  • The patriots movie how did the video depict the loyalist
    14·1 answer
  • How did adolf hitler affected history?
    13·2 answers
  • This African-American was killed in the Boston Massacre in 1770 and bears the distinction of being the first martyr of the Ameri
    6·2 answers
  • Read the excerpt below and answer the question.
    15·1 answer
  • What role did women play during the Industrial Revolution?
    5·1 answer
  • HELP!!<br><br> How did Kennedy’s actions in Southeast Asia set the stage for future conflict?
    15·1 answer
  • 2 Points
    6·2 answers
  • Why is control of Jerusalem a major obstacle to peace
    15·1 answer
  • What is the best way to describe a Gregorian chant
    15·2 answers
  • What did richard nixon do during the cold war
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!