HISTORY
HISTORY OF THE MIDDLE EAST
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Israel has fewer uses for capital
|
|
|
Israel has a smaller growth rate
|
|
|
Israel has more natural resources
|
|
|
Israel can’t trade with either country
|
Detailed explanation-1: -Specifically, the goal is to broaden Saudi Arabia’s exports and income possibilities from oil and gas to other necessary avenues like transportation and entertainment. Economic diversification in Saudi Arabia has already proven to be beneficial because oil prices took a massive hit during the ongoing pandemic.
Detailed explanation-2: -The rapid rise of millionaires makes Iran the 14 richest country in the world and the wealthiest in the Middle East, according to Capgemini’s estimates. Iran is now even richer than its biggest rival, Saudi Arabia, which ranks 17 with 210, 000 millionaires. Extreme wealth in Iran is not new.
Detailed explanation-3: -The country has the second-largest proven petroleum reserves, and is the largest exporter of petroleum in the world. It also has the fifth-largest proven natural gas reserves and is considered an “Energy Superpower". The economy of Saudi Arabia is heavily dependent on oil, and is a member of OPEC.
Detailed explanation-4: -Petroleum. The economy of Saudi Arabia is dominated by petroleum and its associated industries. In terms of oil reserves, Saudi Arabia ranks first internationally, with about one-fifth of the world’s known reserves.