ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Literacy rate has no effect on the standard of living.
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The higher the literacy rate the higher the standard of living.
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The standard of living is independent of literacy rate.
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Low literacy rate creates a higher standard of living.
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Detailed explanation-1: -The economy of Saudi Arabia is one of the top twenty economies in the world, and the largest economy in the Arab world and the Middle East.
Detailed explanation-2: -Today, Turkey is by far the largest economy in the Middle East, and it rates as 65% free and 35% command.
Detailed explanation-3: -<p>99% of Israeli adults can read and write.</p> When a country invests in new machinery, technology, and factories, it is increasing its: Natural resources.
Detailed explanation-4: -Israel, Saudi Arabia, and Turkey have mixed economies leaning towards market economies and Iran has a mixed economy leaning towards command economy. How have the Israelis made up for their lack of natural resources? They have developed strong technology companies in their economy.