Which is an example of a country that is overly dependent on another country for critical goods and services? a country that imports all its oil a country that imports all of its luxury goods a country that licenses some television shows a country that has some international businesses

The correct answer is: "a country that imports all its oil".

Oil is the most widely used source of energy and the basis of most production processes. Therefore, when the whole oil supply of a specific country is entirely purchased from another, this second country has an unlimited bargaining power over the first, and will impose its conditions.

A country that imports all of its oil.

Further Explanation-

Oil is the basic source of energy for industries and commercial activities that determine the economic growth of a nation. The country which imports all of its oil from other countries somehow comes under their political and economic control, for the exporter country is aware of the fact that the economy of the importing country is dependent on it. Moreover, the exporting country can quote any price to the importing country, and they will be compelled to agree to all terms and conditions set by the exporting country. Moreover, the oil-producing states are aware of the abundance of their reserves, and therefore they have the power to affect the prices of oil in the world market.

The most important resources of a country that helps in its economic development are its natural resources. The financial stability of any country depends on how successfully it can exploit its natural resources. It can also offer its products for sale in the international market; however, the necessity of its resources has to be properly assessed. Sources of energy such as oil, coal and natural gas are required by every country to increase industrialization and run their factories, offices, and schools. A country that is devoid of natural resources is compelled to import them from nations that have them in abundance. The exporting nations have the ability to influence prices at their will, by withholding reserves of oil during high demand. They also exert a significant political and economic influence on the importing nations.

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Answer Details-

Grade- Secondary School.

Chapter- The politics of import and export of oil.

Subject- Political science.

Additional Remarks- This chapter outlines the politics and diplomacy involved between nations engaging in international trade.

Keywords-

Oil, supply, demand, political and economic influence, international market, industrialization.

paul willis (born 1950) is a british social scientist known for his work in sociology and cultural studies. paul willis' work is widely read in the fields of sociology, anthropology, and education, his work emphasizing consumer culture, socialization, music, and popular culture. he was born in wolverhampton[1] and received his education at the university of cambridge and at the university of birmingham. he worked at centre for contemporary cultural studies and subsequently at the university of wolverhampton. he was a professor of social/cultural ethnography at keele university. in the autumn of 2010, he left keele university and is now a professor at princeton university.

paul willis’s work has focused mainly, but not exclusively, on the ethnographic study of lived cultural forms in a wide variety of contexts. from highly structured to weakly structured ones, willis examines how practices of `informal cultural production` to produce and construct cultural worlds `from below`.[2]

trained in literary criticism at cambridge,[2] paul willis received his phd in 1972 from the centre for contemporary cultural studies at birmingham university where he remained as senior research fellow until 1981. he gave a paper at the 9th symposium of the natiohnal deviancy conference in january 1972 entitled 'a motor-bike subculture

during the 1980`s willis served as youth policy adviser to wolverhampton borough council in the english midlands. there he produced the youth review (published by the council and ashgate) which formed the basis for youth policy and for the formation of the democratically elected youth council, both still functioning. during the 1990s he served first as head of the division of media, communications and cultural studies, and then as a member of the professoriate at the university of wolverhampton. in 2000 willis co-founded the sage journal, ethnography. in 2003 willis was hired as a head professor of social and cultural ethnography at keele university.