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Which best describes the majority of country of countries in OPEC?
Their economies rely heavily on exports.
The economies of Caribbean nations rely most on agriculture and?
sugar cane and tourism
What do traditional economies revolve around?
it revolves around the family; rely on habit, custom or ritual. hope this helps <3
What is Interdependent trade?
It is how you rely on other countries to trade with you.
When did Mexico de-value the peso?
When the 1973 Oil Crisis hit the developed world, Mexican Presidents Luis Echeverria and Jose Lopez Portillo began to rely heavily on oil exports to support the financial needs of the country, taking advantage of the high oil prices. When the market eventually stabilized, the little diversification of exports resulted in an economic slump and a devaluation of the Peso by 500%. This is often called the Lost Decade or Decada Perdida(1973-1982).
What best describes the majority of countries in OPEC?
They are not extensively industrialized. Their economies rely heavily on exports.
What best decscribes the majority of countries in OPEC?
Their economies rely heavily on exports.
Which best describes the majority of country of countries in OPEC?
Their economies rely heavily on exports.
Which best describes the majority of countries in opec?
They are not extensively industrialized
What do African nations rely heavily on for developing their economies?
They rely on Natural Resourses
What two economies are widespread in the Middle East?
The two most widespread economies in the Middle East are oil-based economies and service-based economies. Oil-producing countries heavily rely on revenues from oil exports, while service-based economies focus on sectors like tourism, finance, and real estate. Both types of economies play a significant role in the overall economic landscape of the region.
What countries have not industrialized?
Some countries that have not fully industrialized include many in Africa, parts of Asia, and some Pacific island nations. These countries may still rely heavily on agriculture, fishing, and other primary industries for their economies.
Which country are most dependent on oil?
Saudi Arabia.
What do non industrialized countries rely heavily on energy for?
Biomass
Countries with little industry are called?
Countries with little industry are often referred to as "developing countries" or "less industrialized countries." These nations typically have economies that rely more heavily on agriculture or natural resource extraction rather than manufacturing or technology-based industries.
Why should Americans care about economic situation outside of your country?
Because the United States economy is tied with economies from all around the world and it's been like that for many, many years. The United States relies on imports from other countries; if other countries produce less, we get less, and our prices go up. We also rely heavily on other countries for our exports; if other countries buy less, we sell less, and make less money to invest in imports.
Do all European countries rely heavily on nuclear energy?
Please tell me
