4.2 Supply and Demand Analysis: An Oil Import Fee
Refer to the information provided in Figure 4.4 below to answer the questions that follow. Figure 4.4
-Refer to Figure 4.4. Assume that initially there is free trade. To reduce U.S. imports without a tax, the U.S. could
A) increase pollution control regulations.
B) allow drilling for oil in the Alaska National Wildlife Refuge.
C) increase safety regulations for oil refineries.
D) all of the above

Question

4.2 Supply and Demand Analysis: An Oil Import Fee
Refer to the information provided in Figure 4.4 below to answer the questions that follow.  Figure 4.4
-Refer to Figure 4.4. Assume that initially there is free trade. To reduce U.S. imports without a tax, the U.S. could
A) increase pollution control regulations. 
B) allow drilling for oil in the Alaska National Wildlife Refuge. 
C) increase safety regulations for oil refineries. 
D) all of the above

Quizplus · Accepted Answer

The Answer of 4.2 Supply and Demand Analysis: An Oil Import Fee
Refer to the information provided in Figure 4.4 below to answer the questions that follow.  Figure 4.4
-Refer to Figure 4.4. Assume that initially there is free trade. To reduce U.S. imports without a tax, the U.S. could
A) increase pollution control regulations. 
B) allow drilling for oil in the Alaska National Wildlife Refuge. 
C) increase safety regulations for oil refineries. 
D) all of the above

42 Supply and Demand Analysis: an Oil Import Fee