The united states has more oil in alaska than there is oil in kuwait. therefore, the united states should stop importing oil." evaluate this statement using economic analysis.

Answer and Explanation:

Needs are unlimited and there are scarcity of resources. Due to finite resources, the oil in Alaska would not be sufficient to cater to the whole of the population in United States. Therefore, it is important to look for alternatives because once the existing resources/oil starts to deplete then you won't have anything in your reserves.

Economics teaches us how to utilize resources efficiently. Therefore, having more oil reserves in different places could help in the long run to meet the demands within United States.

the interest will be $59.71

hope this

2,283,000

explanation:

i just had to add it