Practicing Success
Practicing Success
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What vital role does statistics play in decision-making for importing oil? |
It predicts global oil prices It determines the exact amount of oil reserves It estimates domestic production and demand It manages the financial transactions for import |
It estimates domestic production and demand |
The correct answer is option 3: It estimates domestic production and demand Statistics provides the necessary information on expected domestic oil production and likely demand, which is crucial for making informed decisions about importing oil. |
