Answers Economics Aggregate Economic Behavior and the Global Economy — TestQuestion 16

16

QuizMultiple Choice

Aggregate Economic Behavior and the Global Economy — Test

Question 16 • Economics

Why does the US import oil?

Answer

A

because it does not produce any oil at all

B

because it is cheaper to import oil than to produce it

C

because it has exported too much oil to nearby countries

D

because it needs higher quality oil than it produces

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