Asked by joseph sciotto on May 21, 2024
Verified
We import about _______% of our oil.
A) 40
B) 50
C) 66
D) 80
Oil Imports
The purchase of foreign oil by a country to meet its energy needs not covered by domestic production.
- Understand the role of exchange rates and balance of trade in international economics.
Verified Answer
AJ
Ashlyn JohnsonMay 23, 2024
Final Answer :
C
Explanation :
The correct answer is C) 66%. This percentage reflects a significant portion of oil that is imported to meet the demand, indicating reliance on foreign oil sources.
Learning Objectives
- Understand the role of exchange rates and balance of trade in international economics.