Answers Personal Finance and Economics International Economics — TestQuestion 5

5

QuizMultiple Choice

International Economics — Test

Question 5 • Personal Finance and Economics

Why does the US import oil?

Answer

A

because it needs higher quality oil than it produces

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 does not produce any oil at all

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