ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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If Saudi Arabia’s government puts a limit on how much Israeli Dead Sea salt it will import this year, what trade barrier is this?
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Embargo
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Tariff
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Quota
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Opportunity Cost
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Explanation:
Detailed explanation-1: -Why have the Israelis made a big investment in human capital? They need well-trained workers because their economy depends on advanced technology.
Detailed explanation-2: -Turkey consistently ranks among the world’s top ten nations for agricultural output. The service industry makes up about half of Turkey’s economy, just as it does in Israel. Saudi Arabia has an oil-based economy with strong government controls over major economic activities.
Detailed explanation-3: -Which of the following would reflect Israel’s mixed economy? A combination of privately-owned businesses and government regulations.
There is 1 question to complete.