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Which type of trade barrier is a tax placed on imports?
In Israel, individual citizens make more business decisions.
a system for exchanging currencies
petroleum exports
oil
It has encouraged foreigners to compete for influence in the region.
tariff
the factories and machines used to make other goods
OPEC controls 2/3 of the world's oil supply.
How have Saudi Arabia and Iran become so rich over the past few years?
In Israel, individual citizens make more business decisions.
a system for exchanging currencies
petroleum exports
oil
It has encouraged foreigners to compete for influence in the region.
tariff
the factories and machines used to make other goods
OPEC controls 2/3 of the world's oil supply.
What are capital goods?
In Israel, individual citizens make more business decisions.
a system for exchanging currencies
petroleum exports
oil
It has encouraged foreigners to compete for influence in the region.
tariff
the factories and machines used to make other goods
OPEC controls 2/3 of the world's oil supply.
How has the large quantity of oil in SW Asia affected its development?
In Israel, individual citizens make more business decisions.
a system for exchanging currencies
petroleum exports
oil
It has encouraged foreigners to compete for influence in the region.
tariff
the factories and machines used to make other goods
OPEC controls 2/3 of the world's oil supply.
Why has Saudi Arabia's economy rapidly developed since the 1960s?
In Israel, individual citizens make more business decisions.
a system for exchanging currencies
petroleum exports
oil
It has encouraged foreigners to compete for influence in the region.
tariff
the factories and machines used to make other goods
OPEC controls 2/3 of the world's oil supply.
For international trade to be successful, you need:
In Israel, individual citizens make more business decisions.
a system for exchanging currencies
petroleum exports
oil
It has encouraged foreigners to compete for influence in the region.
tariff
the factories and machines used to make other goods
OPEC controls 2/3 of the world's oil supply.
Why is OPEC so powerful?
In Israel, individual citizens make more business decisions.
a system for exchanging currencies
petroleum exports
oil
It has encouraged foreigners to compete for influence in the region.
tariff
the factories and machines used to make other goods
OPEC controls 2/3 of the world's oil supply.
Why does Israel have more of a market economy than Saudi Arabia?
In Israel, individual citizens make more business decisions.
a system for exchanging currencies
petroleum exports
oil
It has encouraged foreigners to compete for influence in the region.
tariff
the factories and machines used to make other goods
OPEC controls 2/3 of the world's oil supply.
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