Why does the us import oil? because it does not produce any oil at all because it needs higher quality oil than it produces because it has exported too much oil to nearby countries because it is cheaper to import oil than to produce it

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Answer 1

US import oil because it is cheaper to import oil than to produce it

What is importation?

Importation is a way of bringing in goods and services from neighbouring country into your country.

Countries import because it helps them to supply high cost and scarce resources to its market with products from other countries at a very cheap rate.

Hence we can conclude that US import oil because it is cheaper to import oil than to produce it.

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Answer 2

Answer:

because it is cheaper to import oil than to produce it

Explanation:

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Related Questions

Identify three architectural structures, natural or man made, that have withstood the test of time. describe the geometric shapes that they represent or contain.

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The three architectural structures, natural or man made, that have withstood the test of time. describe the geometric shapes that they represent or contain are statues.

How are geometric shapes utilized in architecture?

Architects use geometry to take a look at and divide areas in addition to draft specified construction plans. Builders and engineers depend upon geometric concepts to create systems safely. Designers practice geometry (in conjunction with color and scale) to make the aesthetically appealing areas inside. Applying geometry in the layout is unavoidable.

Man-Made systems can consist of seawalls, breakwaters, harbor walls, pontoons and piers, to say a few. These may be crafted from a whole lot of substances now no longer constrained to wood, concrete, or metal, in addition to herbal rock that has been installed vicinity as a sea defence.

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