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Refer to the Information Provided in Figure 18

Question 258

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Refer to the information provided in Figure 18.5 below to answer the questions that follow. 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. 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.

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