In order to strengthen its economy and not be completely dependent on oil, the Saudi government has been pursuing economic policy goals that encourage...
A.
collectivization.
B.
diversification.
C.
industrialization.
D.
globalization.
B. diversification.
What type of government does Saudi Arabia have?
A.
a monarchy
B.
a presidential democracy
C.
a theocracy
A. a monarchy
The answer is B. diversification. The Saudi government has been pursuing economic policy goals that encourage diversification in order to strengthen its economy and reduce its dependence on oil.
To arrive at this answer, we can start by understanding the meaning of each option and eliminating the ones that do not fit the context.
A. Collectivization refers to the process of bringing individual assets or businesses into collective ownership. This option doesn't seem to be relevant to the Saudi government's goal of reducing oil dependency.
C. Industrialization refers to the development of industries and manufacturing activities within a country. While this could be a component of diversification, it does not capture the broader objective of reducing reliance on oil.
D. Globalization refers to the integration of markets and economies worldwide. Although globalization might play a part in the Saudi government's economic strategy, it does not directly address the goal of reducing oil dependency.
By process of elimination, we are left with B. diversification, which means the government is focusing on developing and promoting other industries and sectors to reduce its dependence on oil.