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Economics Question Description While Saudi Arabia seeks to diversify its economy, the Saudi

Description Saudi Arabia’s economy is dominated by the petroleum sector, despite efforts to diversify it. The Saudi Arabian Riyal (SAR) is also linked to the US dollar. In a critical essay, indicate the main considerations Saudi Arabia faces from a currency perspective (e.g., currency values, interest rates, inflation, and trade issues) that ensue given two scenarios: -The first scenario involves a sharp drop in global oil prices, while the second scenario involves a sharp rise in global oil prices. Write in great depth, with many of examples and precise analysis. The abstract and conclusion are not included in the 5 pages. Plagiarism and citation should be avoided, and only credible scientific sources should be used. ….. The length of your essay must be 4-5 pages, not including the title page, abstract, or obligatory reference page, which are never included in the content minimum criteria. Support your submission with course material concepts, principles and theories from the textbook and at least three scholarly, peer-reviewed journal articles. To locate your resources, go to the Saudi Digital Library. Use the academic writing requirements and APA style recommendations from Saudi Electronic University.