The oil supplies of the United States are subject to______________?
Correct answer: B. environmental depletion
- A. constant increase
- B. environmental depletion
- C. environmental pollution
- D. price stability
Explanation
Oil reserves decline as extraction continues, so U.S. oil supplies are subject to depletion. Pollution is an environmental consequence of producing or using oil, but it does not describe the reduction of the oil stock itself.
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The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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