Saudi Arabia Has the Largest Known Oil Reserves in the World

question 63

True/False

Saudi Arabia has the largest known oil reserves in the world.

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Definitions:

Power to Tax

The authority granted to government entities to impose levies on individuals and corporations to fund public services and initiatives.

Individual Mandate

A requirement that individuals must have health insurance coverage or face penalties, as outlined in the Affordable Care Act.

Federal Subsidies

Federal subsidies are financial support and assistance provided by the federal government to organizations, businesses, and individuals in various sectors, including agriculture, health care, and energy, to support public policy objectives.

Interstate Commerce Clause

A provision in the U.S. Constitution granting Congress the power to regulate commerce among the states.