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A U.S. import fee on oil would reduce the domestic quantity of oil demanded.

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A U.S. import fee on oil would reduce the domestic quantity of oil demanded.

Question 1.

A U.S. import fee on oil would reduce imports and raise the price of U.S. oil products.

▸ true

▸ false

Question 2.

A U.S. import fee on oil would reduce the domestic quantity of oil demanded.

▸ true

▸ false

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 65 times

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