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why is investment in technology of great importance to the israeli econ…

Question

why is investment in technology of great importance to the israeli economy?
a. because the nation has vast reserves of oil that it is unable to access
b. because the nation has a very low rate of literacy among its population
c. because the nation is less developed than most other southwest asian nations
d. because the nation covers a small geographic area and lacks natural resources

Explanation:

Brief Explanations

To determine why investment in technology is important to the Israeli economy, we analyze the options:

  • Option A: Israel does not have vast oil reserves it can’t access; it’s not oil - rich.
  • Option B: Israel has a relatively high literacy rate, so this is incorrect.
  • Option C: Israel is a highly developed nation in Southwest Asia, so this is wrong.
  • Option D: Israel has a small geographic area and lacks natural resources (like oil, large - scale mineral deposits). So, to drive economic growth, it relies on technology (e.g., high - tech industries, innovation) since it can’t depend on natural resource extraction.

Answer:

D. because the nation covers a small geographic area and lacks natural resources