-If the economy in the diagram above is open to trade and the world price of oil is $25 per barrel,then domestic production of oil equals ________ million barrels and domestic consumption of oil equals _______ million barrels.
Definitions:
Profit Margin
The ratio of net profits to revenues for a company, indicating the efficiency at which it can convert revenue into profit.
Return on Investment
A financial ratio that calculates the gain or loss generated on an investment relative to the amount of money invested.
Investment Turnover
A financial ratio that measures the efficiency of a company's use of its investments in generating sales revenue.
Return on Investment
A performance measure used to evaluate the efficiency or profitability of an investment, calculated as the net profit divided by the cost of the investment.
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