Answer:
Responses may vary but should include some or all of the following information:
Step-by-step explanation:
Many countries of the Middle East depend on oil as their primary source of income. In the short term, the economies of these countries are doing well, making a good profit from selling oil to other countries. However, in the long term, oil-dependent economies may suffer. Oil is a limited, nonrenewable resource, meaning that when reserves run out, they are gone forever. The oil-rich nations of the Middle East will have struggling economies if their oil supply ever runs out. The solution to this problem is to plan ahead. Countries are starting to focus their economies on other industries, such as banking and tourism. They are restructuring their economies to focus on multiple profitable industries.