Oil prices have an impact on transportation costs for many types of products. Should oil prices change, the price consumers pay for products often is adjusted accordingly. Changing oil prices would be an example of __________ force.

Question

Quizplus · Accepted Answer

Oil prices are directly related to the economic forces that impact the cost of living, as well as the costs of production and transport of goods. Changes in oil prices can affect the entire economy, influencing the cost of food, transportation, and other essentials, making it an economic force.

Oil Prices Have an Impact on Transportation Costs for Many