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Petroleum is valued because it can be used to fuel cars and numerous other machines.
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What is the richest resource of the Middle East?
It depends on what you mean by "important".In terms of export value, the following are the most important resources of the Middle East:Oil/PetroleumGoldDiamondsEmeraldsNatural GasIn terms of sustaining the lives of Middle Easterners:Water/RainFirm soil
Why do countries have their own currency?
Countries have their own Currency as a lot of them were made to only be used in their country of origin. Currencies like the US Dollar are widely accepted in countries outside the US due to its value over the countries own currency.
How can japan and south Korea have developed countries if they have few mineral resources?
These countries built heavy industrial plants specifically because they lacked natural resources. The lack of natural resources forced these countries to find an effective way to make money. Hi-Tech Industries and Heavy Industries allowed these countries to add value to imported raw materials and generate local wealth. This local wealth was then invested in building up the national infrastructure, effectively turning South Korea and Japan into developed countries.
How do minerals play a major part in the enconomic activities of the Andean Countries?
the mineral resources mined in the Andean countries have value for people all over the world. People process these minerals to create items that we see and use every day.
Do scarce resources have lower value?
Scarce resources are known to attract higher prices and thus they are of higher value than those in abundance. Examples of scarce resources include diamonds and gold.
Why might some countries be reluctant to adopt common currency?
The most important reason is concern that the value of the currency will be more easily affected by factors outside the country's control.
Why might some countries be reluctant to adopt a common currency?
The most important reason is concern that the value of the currency will be more easily affected by factors outside the country's control.
What is a similarity between a Euro and an American dollar?
Euro is nothing but has the currency which is used in European countries it is used in 16 of the 27 countries which is known has Euro zone and American dollar is the dollars which is used outside the banks of the European countries and their is also a lot difference in the value of Euro and Dollars
The middle value when the data are arranged in numerical order?
Middle value when the data are arranged in numerical order is the median.
Define the math term middle value?
The median is the middle value when a set of data is ordered from smallest to largest.
Which 20 countries has highest value for it's currency?
20 countries has highest value for it's currency
What kind of function finds the middle value?
The median.Median Value
