ECONOMICS
TRADE EXCHANGE AND INTERDEPENDENCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Many Middle East countries export oil, but import or buy items such as ____
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food, medicine, and raw materials
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oil, uranium, and coal
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cobalt, gold, and silver
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iron ore, oil, and uranium
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Explanation:
Detailed explanation-1: -Fish and fishery product exports and imports Pelagic fish such as sardines, anchovies, sprats and mackerels are the most exported products from the Middle East. Yemen and Oman, which produce 6% and 5% of the total fisheries production in the region, are the leading exporting nations in the Middle East by volumes.
Detailed explanation-2: -Like many other Arab countries, oil plays a major role in the exports of Yemen, where oil contributes to 85% of the country’s exports. Other major exports include fish, naphthalene, cigarettes, fruits, soap and animal hides.
Detailed explanation-3: -China. United States. Germany. Japan. United Kingdom.
There is 1 question to complete.