Question

Oil accounts for over 90% of all Saudi Arabian export activity. This indicates that the Saudi Arabian economy has a high level of
A. Specialization
B. entrepreneurship.
C. investment in capital goods.
D. investment in human capital.

Answers

GPT-4o mini
The statement that "Oil accounts for over 90% of all Saudi Arabian export activity" indicates that the Saudi Arabian economy has a high level of **A. Specialization**. Specialization occurs when a country focuses on a narrow range of economic activities, in this case, oil production and exports.

Related Questions