Ed Morse: Mideast Can Thrive With Oil Price Below $70

Ed Morse: Mideast Can Thrive With Oil Price Below $70

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the economic dynamics of the UAE, highlighting Abu Dhabi's financial power and Dubai's role as a trading hub. It explores the UAE's independence, its reliance on the US for security, and its efforts to diversify beyond oil. The video also covers economic reforms in Saudi Arabia, challenges faced by the middle class, and the role of OPEC in oil market dynamics. It concludes with insights into budget needs and market trends, emphasizing the importance of financial flows and market stability.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What has changed the relationship between Abu Dhabi and Riyadh?

Increased military spending

A decline in Dubai's trading activities

The emergence of a new generation of leaders

The discovery of new oil reserves

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How has Abu Dhabi managed to diversify its economy?

By focusing on tourism and financial services

By increasing oil production

By reducing military spending

By forming new alliances with Iran

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a significant challenge faced by Saudi Arabia in recent times?

Lack of foreign investments

Spending cuts affecting the middle class

Decline in tourism

Increasing oil production

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What financial strategy has the UAE adopted to support its economy?

Increasing oil exports

Cutting down on tourism

Reducing taxes

Issuing debt in the markets

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key aspect of the UAE's strategy to reduce reliance on oil?

Increasing military spending

Reducing tourism activities

Introducing new taxes

Forming alliances with Iran

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the current stance of Saudi Arabia regarding oil production?

They plan to cut production significantly

They are considering a freeze on production

They have stopped production entirely

They are increasing production

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a major factor affecting oil prices in the short term?

New oil discoveries

Financial flows in the market

Military conflicts

Changes in government policies