Asked by
Zainab Ghayth
on Oct 17, 2024
Verified
When oil supplies are threatened by hostile foreign governments or regimes,the United States has been willing to go to war.This demonstrates the lengths to which governments will go to:
A) organize an important industry
B) protect free trade
C) protect competing interests in order to maintain competition in markets
D) ensure the smooth operation of the market
E) protect international corporations regardless of their influence on the American economy
Oil Supplies
The total quantity of crude oil available from natural resources, production, or reserves at any given time.
Foreign Governments
The governing bodies of nations other than one's own, often interacting through diplomacy, trade agreements, and international law.
Competing Interests
Situations where different parties have conflicting goals or desires, often leading to a dispute or competition.
- Comprehend the role of governments in the economy and how they intervene across different economic systems.
Verified Answer
JS
Learning Objectives
- Comprehend the role of governments in the economy and how they intervene across different economic systems.