Given Saudi Arabia has great wealth from its vast oil reserves, it can literally give its citizens financial rewards each month. Saudi Arabia is, therefore, known as what?
A)A welfare state
B)An entitled state
C)A rentier state
D)A capitalist state
E)A socialist state

Question

Quizplus · Accepted Answer

A rentier state is one that receives a significant portion of its revenue from the rent of its indigenous resources to external clients. Saudi Arabia fits this definition due to its economy heavily relying on the income from its oil reserves.

Given Saudi Arabia Has Great Wealth from Its Vast Oil