ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Syria has not built new factories or used new technology in many years. What is the country NOT investing in?

A	opportunity costs
B	natural resources
C	human capital
D	capital goods

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: -How has the Saudi government used its nations wealth to change the country? The government has modernized roads, schools, and communication systems. How do Iran and Saudi Arabia benefit from belonging to OPEC? They benefit economically by keeping the price of oil high on the world market.

Detailed explanation-3: -Which of the following would reflect Israel’s mixed economy? A combination of privately-owned businesses and government regulations.

Detailed explanation-4: -How did Brazil’s military leaders react to the embargo of 1973? Brazil resisted American pressure to continue supporting Israel. How did petrodollars change the world economy from the 1970s? illustrated the divisions within Israeli society over the issue of peace with the Palestinians.

There is 1 question to complete.