# For year the U.S government levied quotas on inexpensive oil imported from the Middle East The quotas led to cost increases for U.S consumers totaling $3 billion for oil products. An apparent justification of this policy was that ? with Answer - Economics Mcqs | TestPrep

> Solved MCQ: For year the U.S government levied quotas on inexpensive oil imported from the Middle East The quotas led to cost increases for U.S consumers totaling $3 billion for oil products. An apparent justification of this policy was that ? Correct Answer: C. one should not be too dependent on foreign suppliers of crucial resources. Verified answer explanation for FPSC, PPSC, MDCAT, NTS, and CSS competitive exam preparation.

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# For year the U.S government levied quotas on inexpensive oil imported from the Middle East The quotas led to cost increases for U.S consumers totaling $3 billion for oil products. An apparent justification of this policy was that ?

Direct Answer & Quick Reference

The correct option is **C. one should not be too dependent on foreign suppliers of crucial resources**.

A. U.S oil companies and workers deserved higher incomes

B. U.S oil was of superior quality and merited higher prices

C. one should not be too dependent on foreign suppliers of crucial resources **(Correct Answer)**

D. The U.S government needed the quota revenue to balance its budget

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Verified Key: C. one should not be too dependent on foreign suppliers of crucial resources
Solved by 3,507+ students

Verified against official examination board answer keys and standard curriculum textbooks.

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