ECONOMICS
ECONOMIC SYSTEMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Israel has fewer uses for capital
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Israel has a smaller growth rate
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Israel has more natural resources
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Israel can’t trade with either country
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Detailed explanation-1: -As part of the Arab–Israeli conflict, Saudi Arabia has not recognized Israel since the latter’s independence in 1948. Traditionally, the official Saudi policy towards the Israeli–Palestinian conflict has been supportive of the Palestinian Arabs and against Israel.
Detailed explanation-2: -Because of the hostility, Israel is concerned by Iran’s nuclear weapons program and missile program, and is seeking to downgrade Iran’s allies and proxies, as well as preventing Iranian entrenchment in Syria, another sworn enemy of Israel.
Detailed explanation-3: -Israel is a member of the United Nations (UN) and a number of other international organisations. Israel maintains full diplomatic relations with two of its Arab neighbours, Egypt and Jordan, after signing peace treaties in 1979 and 1994 respectively.