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microbook_3e-page60 - Provide a few reasons why one country...

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Which country is more dependent on foreign oil? Which country is less dependent on foreign oil? Why? Does the price elasticity of demand in each country explain each country’s dependence? Why or why not?
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Unformatted text preview: Provide a few reasons why one country might be more dependent on foreign oil than the other. Quick answers Page 60...
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