Ask Question
19 July, 10:58

Describe how oil use has impacted economics and politics over the past two centuries.

+5
Answers (1)
  1. 19 July, 13:31
    0
    For some countries, higher oil prices mean finally having the money needed to invest in desperately outdated infrastructure, technology and means to successfully building a sustainable defense and military that protects the borders and sovereignty of the nation, eliminating many incursions, invasions and all out turf wars before they can ever get started.

    Oil price increases are generally thought to increase inflation and reduce economic growth. In terms of inflation, oil prices directly affect the prices of goods made with petroleum products ... Increases in oil prices can depress the supply of other goods because they increase the costs of producing them.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Describe how oil use has impacted economics and politics over the past two centuries. ...” in 📘 Advanced Placement (AP) if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers