Which of the Following Is NOT True of Iran's Economy

question 1

Multiple Choice

Which of the following is NOT true of Iran's economy prior to the Islamic Revolution?

• A) Iran was an important member of OPEC.
• B) Iran was a major purchaser of arms, especially from the United States.
• C) Many landowners stopped growing food and turned to commercial export crops leading to several disastrous famines.
• D) The country became dependent on oil as a commodity that was subject to volatile market prices.
• E) Iran had significant trade relations with neighboring and other developing countries.

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Definitions:

Existing Mortgage

A mortgage that is currently in place on a property, affecting its sale, transfer, or refinancing.

Mortgagor

An individual or entity who borrows money to purchase property and pledges that property as collateral for the loan.

Oral Agreement

A verbal contract between parties that is legally binding, although harder to prove than a written agreement.

Statute of Frauds

A legal principle requiring certain types of contracts to be written and signed to be legally enforceable.