NEET BIOLOGY

ECOLOGY

ENVIRONMENTAL ISSUES

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How have the citizens of oil-rich countries benefitted from their oil supplies?
A
Citizens of oil rich countries no longer have to work to earn a living
B
Having oil has made very little difference in the lives of citizens in oil-rich countries
C
Oil wealth has improved their standard of living, leading to better education, housing, and health
D
They no longer have to be a member of OPEC
Explanation: 

Detailed explanation-1: -Oil sales have created immense wealth and boosted the economy in countries such as Saudi Arabia, Iran, Iraq, and Kuwait. Millions of people in these and other parts of the Middle East have homes, jobs and education as a direct result of oil.

Detailed explanation-2: -Oil dominates every aspect of our lives. It fuels our cars, it is used in the production of our plastic goods, the electricity for our homes and factories and can even be found in the fertiliser used in crop growing. Our world is dominated by the need to control oil.

Detailed explanation-3: -The result has been increased economic prosperity, a revitalized manufacturing sector, improvement of millions of lives through direct and indirect employment and lower energy costs, new sources of government revenues, and strengthened energy security for the nation.

Detailed explanation-4: -Every year, domestic oil and gas production helps the nation save billions of dollars on essential industry products. According to the Department of Energy, the United States trade deficit was $305 billion lower than it would have been if the nation relied solely on foreign oil and gas production.

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