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One of the counties where oil is a major export item is Saudi Arabia. The country is known for its vast oil reserves and is one of the leading oil exporters in the world, significantly influencing global oil prices and markets. Saudi Arabia's economy heavily relies on oil revenues, making it a key player in the energy sector.
What else can I help you with?
According to classical trade theory a country will export an item?
in which it has a comparative advantage in producing
What are major economy?
Major economies are the states main item. Say like, shipping and fishing are the New England Region major economy.
What crop might be scarce?
An extended period of bad weather may cause a food crop to rot in the fields. This could mean that a crop, if over a large area, would become a scarcity locally. If a crop is scarce, the price in the shop is likely to rise. The other extreme is when a glut means the price will drop. Nowadays, with export and import of food produce from many foreign counties, scarcity of a single item has less effect.
What is meant by the term import tax?
The term import tax or import duty is the amount that a countries authorities charge to import or export certain goods into or out of the country. This cost ranges based on the value of the item and the type of value.
What is the name given to a company that dominates a market and is the only company that produces a particular item?
monopoly
Does Denmark have a main export item?
Furniture is what the major export is in Denmark
In 1944 what was Ecuador's major export item?
Panama Hats.
Which item is a major export of many islands in Oceania?
Coconuts
Which country in Asia is oil a major export item?
heyyy its china
What is the top export item of japan?
Motor vehicles.
What is export tax?
An export tax is a tariff placed on any item or merchandise leaving the country through trade.
Which ranks first in the list of export item in Kuwait?
Oil.
Which item did the US export in the late 1900s?
farm equipment
What item did the united States export in the late 19th century?
Automobiles.
Does srilanka export TEA?
Yes they import tea. It is a main impor item.
How do you export any item from India to other countries?
With the help of there personal train
What are the advantages and dis advantages of export promotion?
Export have many kind of advantages. 1. Helps improve economy 2. Country can buy other necessery item by the mony earned from Export
