Question

How would the economies of Saudi Arabia and Iraq be affected if people in other countries stopped using as much oil as they do today?(1 point)

Their economies would improve as the price of oil rose and jobs in the oil industry were created.

Their economies would suffer as the price of oil went up and their profits went down.

Their economies would not be seriously affected because they are very diverse.

Their economies would suffer as other countries bought less of the oil that Saudi Arabia and Iraq produce.

Answer 1

Their economies would suffer as other countries bought less of the oil that Saudi Arabia and Iraq produce.

Explanation: Both countries rely heavily on oil exports for government revenue and jobs, so a global drop in oil use would reduce demand, lower prices, and shrink their incomes.