Which of the following is true about government as a social contract? the people give up peace and security to receive rights, power, control, and money. if the government violates its obligations, the people cannot do anything about it. the government provides services with the money they receive but does not have to give up anything. the people give up rights, power, control, and money to receive peace and security.

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The price of oil and inflation are connected in a cause and effect relationship, that is, when the price of oil increases, inflation also increases in an economy. this is because, oil is a major input in the economy, that is, it is used for critical purposes such as fueling of vehicles for transportation, for running of industrial generators and machines, for heating homes, etc.for instance, if the price of oil increases in an economy, it will increase the cost of production for those using the oil in their production processes and they will automatically increase the cost of their products in order to offset the extra costs. this leads to general increase in the prices of products in the market and result in inflation.

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