Podcast
Questions and Answers
Which of the following is NOT a reason why diversification is important?
Which of the following is NOT a reason why diversification is important?
- To limit the impact of fluctuations in the oil price and quantity produced
- To reduce or spread risk
- To create job opportunities for a rapidly growing local labor force (correct)
- To promote economic development
According to the ESCWA study, which of the following is NOT a measure applied by GCC countries to achieve economic diversification?
According to the ESCWA study, which of the following is NOT a measure applied by GCC countries to achieve economic diversification?
- Development of the physical and social infrastructure
- Increase in the direct role of the public sector as an agent of economic growth (correct)
- Development of capital-intensive industries that utilize hydrocarbon resources
- Development of other manufacturing industries
Which sector has the highest share in the GDP of GCC countries?
Which sector has the highest share in the GDP of GCC countries?
- Capital-intensive industries (correct)
- Productive sectors and services
- Physical and social infrastructure
- Manufacturing industries
What is the main comparative advantage of GCC countries in terms of industries?
What is the main comparative advantage of GCC countries in terms of industries?
Why is diversification important for GCC countries?
Why is diversification important for GCC countries?
What is the purpose of the ESCWA study mentioned in the text?
What is the purpose of the ESCWA study mentioned in the text?
What is the direct role of the public sector in economic growth, according to the text?
What is the direct role of the public sector in economic growth, according to the text?
What is the role of taxation in the Gulf countries?
What is the role of taxation in the Gulf countries?
What is the source of the information provided in the text?
What is the source of the information provided in the text?
What is the main focus of the text?
What is the main focus of the text?
Which one of these countries is NOT mentioned as an oil-producing country in the text?
Which one of these countries is NOT mentioned as an oil-producing country in the text?
Which one of these statements about a rentier state is correct?
Which one of these statements about a rentier state is correct?
Which one of these statements about a rentier economy is correct?
Which one of these statements about a rentier economy is correct?
Which one of these is a characteristic of an allocation state?
Which one of these is a characteristic of an allocation state?
Which one of these statements about oil rentier states is correct?
Which one of these statements about oil rentier states is correct?
Which one of these countries is the largest exporter of petroleum?
Which one of these countries is the largest exporter of petroleum?
Which one of these sectors contributes the least to Saudi Arabia's GDP?
Which one of these sectors contributes the least to Saudi Arabia's GDP?
Which one of these statements about Dubai is correct?
Which one of these statements about Dubai is correct?
Which one of these statements about economic diversification is correct?
Which one of these statements about economic diversification is correct?
Which one of these countries has the highest GDP per capita?
Which one of these countries has the highest GDP per capita?
Which economist popularized the concept of rentier state theory?
Which economist popularized the concept of rentier state theory?
What is the main source of revenue in rentier states?
What is the main source of revenue in rentier states?
What does the term 'rents' refer to in the context of a rentier state?
What does the term 'rents' refer to in the context of a rentier state?
What is the relationship between a rentier state and its citizens?
What is the relationship between a rentier state and its citizens?
What is the term preferred by Hazim Beblawi and Giacomo Luciani to describe oil-dependent countries?
What is the term preferred by Hazim Beblawi and Giacomo Luciani to describe oil-dependent countries?
What is the main consequence of a rentier economy?
What is the main consequence of a rentier economy?
What is the main focus of rentier state theory?
What is the main focus of rentier state theory?
What is the term used to emphasize the strong connection between the economy and the state in oil-dependent countries?
What is the term used to emphasize the strong connection between the economy and the state in oil-dependent countries?
What is the main source of revenue for Gulf countries?
What is the main source of revenue for Gulf countries?
What does the term 'rentier' mean in the context of economic development in the Gulf region?
What does the term 'rentier' mean in the context of economic development in the Gulf region?
