Vast Amounts of Oil Revenues Had Which of the Following

question 35

Multiple Choice

Vast amounts of oil revenues had which of the following consequences in Iran?

• A) Citizens paid very little for gasoline.
• B) It increased pressures for democratic reforms.
• C) The state was able to attract foreign investment in the manufacturing sector due tax incentives.
• D) The oil fields had a detrimental impact on agriculture leading to several devastating famines.
• E) The state was independent of society since it did not depend on society for tax revenue.

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Definitions:

Cash Flows

The gross total financial exchange in and out of an enterprise, significantly altering its liquidity capacity.

Capital Structure

A company's use of both borrowed money and stocks to finance its ongoing operations and grow.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of the business.

Capital Structure

The fusion of equity and debt resources a firm applies to underwrite its operational needs and scalability.