Answers CMS 2026-2027 Economics and Personal Finance CREDIT RECOVERY The Global Economy — TestQuestion 21

21

QuizMultiple Choice

The Global Economy — Test

Question 21 • CMS 2026-2027 Economics and Personal Finance CREDIT RECOVERY

Why does the US import oil?

Answer

A

because it is cheaper to import oil than to produce it

B

because it has exported too much oil to nearby countries

C

because it needs higher quality oil than it produces

D

because it does not produce any oil at all

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Why does the US import oil?