Saudi, Iranian Policies Diverge Ahead of OPEC Talks
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Business, Social Studies
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University
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Hard
Wayground Content
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the main expectation set by the Iranian Oil Minister for the Algiers meeting?
A decision to increase oil production
A consultative or advisory session
A complete halt on oil exports
A major agreement on oil prices
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which country's economy is more heavily reliant on crude oil exports?
Neither
Saudi Arabia
Iran
Both equally
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What has been a significant challenge for Iran's economy?
Over-reliance on technology exports
Lack of natural resources
Economic sanctions and mismanagement
High oil prices
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How has Saudi Arabia responded to the low oil prices?
Increased oil production
Reduced its oil exports
Invested heavily in renewable energy
Used its reserves and faced a larger deficit
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why has Iran managed to cope better with low oil prices compared to Saudi Arabia?
Higher oil production
Smaller GDP exposure to oil exports
More diversified economy
Better international relations
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