Question

• Over-reliance on oil also increases economic unpredictability. When oil prices drop, as is presently the case, the related

decline in revenue requires cuts in public spending, which hurts growth in the non-oil sector and leads to lower public
employment
-adapted from Economic Diversification in Oil-Exporting Arab Countries, International Monetary Fund (April 2016)
Which of these statements best supports this argument?
ОА. Saudi Arabia does not export enough oil.
B. Saudi Arabia's oil supply is controlled by private corporations.
C. Saudi Arabia produces too little oil.
OD
Saudi Arabia's oil supply is controlled by the government.
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Answer 1

B

Explanation:

Answer 2

B. Saudi Arabia's oil supply is controlled by private corporations.

Explanation:

This is the best answer and is saying they are too reliant on other countries oils.