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Refer to the information provided in Figure 4.4 below to answer the question(s) that follow. Figure 4.4
-Refer to Figure 4.4. If a $25 per barrel tariff is levied on imported oil, the United States will
Primary Mission
The fundamental purpose or goal that an organization or project is established to achieve.
Diplomacy
The conduct by government officials of negotiations and other relations between nations, often involving the exchange of ambassadors and the use of peaceful negotiations.
Private Sector
The part of the economy that is run by individuals and companies for profit, as opposed to the public sector, which is managed by the government.
Regulatory Agency
A government body responsible for directing and enforcing specific regulations to ensure that standards and laws are followed within specific industries or sectors.
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