Asked by Jaiden Hamilton on Apr 24, 2024
Verified
What has been the state of the Russian economy since the fall of the former Soviet Union?
A) It has been on the rise at double the rate of other nations.
B) The country has experienced an overall increase in employment levels since that time.
C) The economy has remained stable throughout this time.
D) It has experienced multiple upturns and downturns.
E) The country is in a race with China for the most dominant economy in the world.
Russian Economy
The economic system of Russia, characterized by its history, natural resources, and government policies, impacting its global economic standing.
Former Soviet Union
A federal socialist state in Northern Eurasia that existed from 1922 to 1991, composed of multiple subnational Soviet republics.
- Investigate the difficulties and advantages linked with overseas investment in certain countries.
Verified Answer
AK
Ariha Kampani7 days ago
Final Answer :
D
Explanation :
The Russian economy has experienced multiple upturns and downturns since the fall of the former Soviet Union. It faced a severe economic crisis in the 1990s but also saw significant growth in the early 2000s. In recent years, it has faced sanctions and a decline in oil prices, leading to a recession in 2015-2016. While the economy has been recovering since then, it remains volatile and dependent on energy exports.
Learning Objectives
- Investigate the difficulties and advantages linked with overseas investment in certain countries.
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