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Citrus2011 [14]
3 years ago
12

How is Israel’s economy impacted by an increase in the price of oil?

Social Studies
1 answer:
Aleks [24]3 years ago
8 0

Answer:

Import of oil is a significant expense to the State of Israel, and changes in oil price have may cause implications on Israel's entire economy. In fact, one-dollar increase in the price of an oil barrel results an additional expense of 65 million dollars annually to the Israeli economy

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