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Various international crises and issues periodically raise the price of oil imports, which can send ripple effects throughout the economy. The U.S. has vast supplies
Various international crises and issues periodically raise the price of oil imports, which can send ripple effects throughout the economy. The U.S. has vast supplies of oil. What is a likely reason it still imports oil despite the impact of these international influences on prices? Group of answer choices The U.S.'s environmental standards are too high to produce oil domestically. The U.S. is trying to prop up its political partners by importing their oil. Importing oil allows the U.S. to focus on developing other industries. The opportunity costs of producing all oil products domestically must still be higher than importing
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