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Economics
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Economics
For year the U.S government levied quotas on inexpensive oil imported from the Middle East The quotas led to cost increases for U.S consumers totaling $3 billion for oil products. An apparent justification of this policy was that ?
A
U.S oil companies and workers deserved higher incomes
Option A
B
U.S oil was of superior quality and merited higher prices
Option B
one should not be too dependent on foreign suppliers of crucial resources
Correct answer
D
The U.S government needed the quota revenue to balance its budget
Option D
Correct answer: C
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