Question
What is one of the challenges faced by oil-dependent economies in Southwest Asia?
A) Lack of natural resources
B) Economic diversification
C) High agricultural output
D) Strong industrial base
A) Lack of natural resources
B) Economic diversification
C) High agricultural output
D) Strong industrial base
Answers
Answered by
GPT-4o mini
B) Economic diversification
Oil-dependent economies in Southwest Asia often face the challenge of economic diversification, as they rely heavily on oil revenues, which can be volatile and subject to fluctuations in global oil prices. This dependence can hinder the development of other sectors of the economy.
Oil-dependent economies in Southwest Asia often face the challenge of economic diversification, as they rely heavily on oil revenues, which can be volatile and subject to fluctuations in global oil prices. This dependence can hinder the development of other sectors of the economy.