C. giving businesses tax breaks when they purchase new machinery
This action would likely have the most positive effect on the Iraqi economy. By providing tax breaks to businesses when they purchase new machinery, it would incentivize investment and modernization of the country's industrial sector. This would lead to increased productivity, job creation, and economic growth.
What action would likely have the MOST positive effect on the Iraqi economy?
A.
encouraging population growth by reducing restrictions on immigration
B.
reducing the length of the school day so minors can seek employment
C.
giving businesses tax breaks when they purchase new machinery
D.
raising export tariffs in order to raise more government revenue
3 answers
Why would it be difficult for an entrepreneur in Saudi Arabia to start a new business in the oil industry?
A.
The economy of Saudi Arabia is a pure command economy.
B.
The oil industry is controlled by the government of Saudi Arabia.
C.
The oil industry is controlled by the Organization of the Petroleum Exporting Countries.
D.
The economy of Saudi Arabia is dependent on foreign direct investment for capital.
A.
The economy of Saudi Arabia is a pure command economy.
B.
The oil industry is controlled by the government of Saudi Arabia.
C.
The oil industry is controlled by the Organization of the Petroleum Exporting Countries.
D.
The economy of Saudi Arabia is dependent on foreign direct investment for capital.
B. The oil industry is controlled by the government of Saudi Arabia.
It would be difficult for an entrepreneur in Saudi Arabia to start a new business in the oil industry because the government of Saudi Arabia controls the industry. The government has a monopoly over the exploration, production, and distribution of oil in the country through the state-owned Saudi Arabian Oil Company (Saudi Aramco). This means that individuals or private enterprises would face significant barriers and restrictions in entering and competing in the oil sector, as it is a highly regulated and controlled industry by the government.
It would be difficult for an entrepreneur in Saudi Arabia to start a new business in the oil industry because the government of Saudi Arabia controls the industry. The government has a monopoly over the exploration, production, and distribution of oil in the country through the state-owned Saudi Arabian Oil Company (Saudi Aramco). This means that individuals or private enterprises would face significant barriers and restrictions in entering and competing in the oil sector, as it is a highly regulated and controlled industry by the government.