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kow [346]
3 years ago
14

Why does the US import oil?

Business
1 answer:
agasfer [191]3 years ago
6 0

Answer:

C. because it does not produce enough oil.

Explanation:

Although, the United States is one of the leading producers of oil, yet still import oil because it does not produce enough oil to meet the demand of its citizens. In other words, the United States consumes more than what she can produce.

Another reason is that most refineries in the United State are created basically for heavy crude whereas most of what she produce are light crude oil. The United States import the oil she is able to process while she export to other countries to complete the setup process.

The remedy to the above situation is when new refineries are built which are somewhat expensive or the existing refineries are upgraded to meet with the demand.

You might be interested in
You just sold stock for $10,000 which you bought two years ago for $5,000. You are also in the 25% income tax bracket. How much
katrin [286]

Answer:

$1,250

Explanation:

The tax in reference is capital gain tax.

The gain from this transaction is the selling price - the purchase price.

= $10,000 -$5000

=$5000

The gain is $5000

The tax on this gain will be 25% of $5000

=25/100 x $5000

=0.25 x $5000

=$1,250

6 0
4 years ago
Under an installment contract, a buyer can:
Novay_Z [31]

Answer:

b. Hold the seller in breach of the entire installment contract when a nonconforming installment substantially impairs the value of that installment alone.

Explanation:

In installment contract, the seller and the buyer agrees on the ways through which the buyer will pay for the goods which he or she purchases installmentally rather than a one off payment. In a situation where the agreement has been reached, <em>it expected that the buyer and the seller to conform to the said agreement. However,the seller is hold in breach of the entire installment contract if there is impairment of the value of the goods substanstially.</em>

7 0
3 years ago
The two types of package labeling in common usage today are:______.
Diano4ka-milaya [45]

Answer:

d. Informational and persuasive.

Explanation:

Informational package labelling as the name implies gives details about the specific products which is aimed at convincing perspective buyers to buy. Here, the information about the product are well spelt out in the package labelling thus gives more about what the product is all about. The aim is to capture consumers mind so that they would eventually buy the products.

Persuasive package labelling as the name implies lay emphasis on logo or themes rather than information expected by consumers. Here, the idea is to create awareness about the product through its logo and special features such as promotional theme.

3 0
3 years ago
¿Qué nuevos productos puede incluir un restaurante en su oferta? ¿Por qué?
PtichkaEL [24]

Answer:it is d

Explanation:

5 0
4 years ago
plainco corporation sells widgets for $3.00 each in market that is perfectly competitive. increasing the number of plainco worke
Goryan [66]

The marginal revenue product for the 1,001st worker is 30.

Marginal revenue product= MR*MPL

=3*10

=30

WHERE MR is MARGINAL REVENUE AND MPL is MARGINAL PRODUCT OF LABOUR.

Marginal sales product (MRP), additionally referred to as the marginal price product, is the marginal sales created because of an addition of 1 unit of useful resource. The marginal sales product is calculated with the aid of using multiplying the marginal bodily product (MPP) of the useful resource with the aid of using the marginal sales (MR) generated.

The marginal sales manufactured from hard work represents the more sales earned with the aid of using hiring a further employee. It shows the real salary that the organization is inclined and may come up with the money for to pay for every new employee they hire, and the salary that the organization will pay is the marketplace salary fee decided with the aid of using the forces of deliver.

Learn more about marginal revenue product here:

brainly.com/question/13617399

#SPJ4

5 0
1 year ago
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