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How Saudization and Vision 2030 can affect compensation strategies in the Kingdom of Saudi Arabia?

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Chika Ilonah
Chika IlonahLv10
29 Sep 2019

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Related questions

In the book, "Confessions of an Economic Hitman", How did the OPEC Oil Embargo of 1973 change the way the U.S. government does business in the Middle East? What were the goals and strategies used to ensure that an event like the embargo would never happen again? Explain in detail the arrangement that our government struck with Saudi Arabia to secure U.S. national interests. Also, explain how this deal with Saudi Arabia differs from the triangle schemes used for poorer nations who aren’t rich and powerful like Saudi Arabia?

4. Based on information from a variety of sources, out of all countries –

- Saudi Arabia ranks 26th in healthcare while the United States ranks 31st

- Saudi Arabia ranks 95th in the lack of civil unrest while the United States ranks 97th

- Saudi Arabia ranks behind the United States in terms of education

- Saudi Arabia has investment of 30.75% of GDP while the United States is 19.754%

All of this suggests that the standards of living in the United States and Saudi Arabia are very similar - using this, answer the question below.

Suppose a country with a low standard of living asks for your advice on whether it should try to emulate Saudi Arabia or the United States in pursuing its goal of increasing its standard of living. What would you advise?

37) If Saudi Arabia argues that an increase in the supply of oil will decrease total revenue, then Saudi Arabia believes the demand for oil is A) elastic. B) income elastic. C) unit elastic. D inelastic. E) income inelastic.

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