Multiple Choice
Refer to the information provided in Figure 18.5 below to answer the questions that follow. Figure 18.5
-Refer to Figure 18.5. The domestic price of oil is $130 per barrel. If the world price of oil is $120 per barrel, this country will
A) import 19 million barrels.
B) import 14 million barrels.
C) export 5 million barrels.
D) export 19 million barrels.
Correct Answer:

Verified
Correct Answer:
Verified
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