QUESTION IMAGE
Question
when a country invests in educating, training, and ensuring that its workforce is skilled to perform the jobs they have, this is an example of investing in what? how does the middle east rely on trade to meet its needs? how does the middle east contribute to world trade?
Brief Explanations
- Educating and training the workforce is an investment in human - capital as it enhances the skills and productivity of workers.
- The Middle East relies on trade to meet its needs because it has limited water resources and certain food products, so it imports these goods. It also has large oil reserves and exports oil in exchange for other goods and services. In terms of contribution to world trade, the Middle East is a major exporter of oil and natural gas, which are crucial for the global energy market.
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- Human - capital
- Imports goods due to resource limitations and exports oil.
- Major exporter of oil and natural gas.