For many years the U.S. government imposed quotas on cheap, Middle Eastern oil imports. The U.S. consumer consequently paid $3 billion more per year for oil products. A likely rationale for such a policy is
A. people in the oil industry deserved the transfer.
B. conservation.
C. one cannot be dependent on foreign supplies of so crucial a resource.
D. American oil was of higher quality and deserved a higher price.
Answer: C
Economics
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