Asked by Rachel Gallo on Jun 20, 2024
Verified
Statement I: We pay higher taxes on gasoline than most Western European countries.
Statement II: Our dependence on foreign oil is increasing.
A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.
Western European Countries
Nations located in the western part of Europe, often characterized by developed economies, democratic governance, and high living standards.
Foreign Oil
Oil that is sourced from countries other than one’s own, often importing to meet domestic demand.
- Understand the basic principles of international trade and comparative advantage.
Verified Answer
EL
Esmeralda LopezJun 22, 2024
Final Answer :
B
Explanation :
Statement I is false because most Western European countries have significantly higher gasoline taxes than the United States. Statement II is true as the U.S. has seen fluctuations in its dependence on foreign oil, but overall trends have shown increases over certain periods, especially considering historical contexts.
Learning Objectives
- Understand the basic principles of international trade and comparative advantage.