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Israel, Saudi Arabia, And Turkey
Test Description: Economies of these countries
Instructions: Answer all questions to get your test result.
1) Which country mostly exports oil and petrochemicals?
A
Israel
B
Saudi Arabia
C
Iran
D
Turkey
2) Which country exports mostly agriculture, banking, and computers?
A
Turkey
B
Iran
C
Saudi Arabia
D
Israel
3) Which country diversifies products and actually exports very little?
A
Turkey
B
Israel
C
Saudi Arabia
D
Iran
4) Which describes the economies of Israel, Turkey, and Saudi Arabia?
A
Mixed market
B
Command and market
C
Pure command
D
Pure Market
5) How many products does Turkey actually export?
A
1/2
B
3/8
C
1/5
D
All of them
6) Which country relies on the majority of exports for profit?
A
Israel
B
Saudi Arabia
C
Turkey
D
Iran
7) The economic continuum represents the amount of ____________ given by the _________ regarding the ___________
A
freedom / government / economy
B
freedom / companies / housing market
C
choice / schools / homework
D
money / citizens / voting
8) Which is NOT a question asked about an economy?
A
How to produce?
B
What will people buy?
C
For whom to produce?
D
What to produce?
9) If Turkey imposes a tariff on Saudi Arabia, what does that really mean?
A
They wanted to negotiate better prices
B
They stopped trading with them
C
They limited the amount of goods
D
They imposed a tax
10) If Israel decides to invest money to educate and train people going to trade school, they are investing in _____________
A
Scarcity
B
Goods
C
Consumption
D
Human Capital
11) If Saudi Arabia decides to not invest money in human capital, they will have problems because ____________
A
businesses will not pay the taxes to pay for good schools
B
workers who are not educated, skilled, and healthy are less productive
C
there will be no money to pay its workers
D
workers will learn on their own skills they need
12) Turkey has decided to invest money in their power plants; this is an investment in ______
A
entrepreneurship
B
capital
C
natural resources
D
human capital
13) Which natural resource is significant to the Middle East?
A
coal
B
iron ore
C
gold
D
oil
14) What is one positive role of natural resources in a country's economy?
A
provides income as a valuable export
B
increases a country's dependence on other countries
C
provides income as a valuable import
D
increases a country's awareness of governmental issues
15) Saudi Arabia's literacy rate increased from approximately 48% in 1980 to over 78% by 2009. Why is this important for the Saudi Arabian economy?
A
it caused a decrease in foreign debt
B
it helped increase the country's GDP
C
it helped increase foreign trade
D
it resulted in fewer jobs for Saudi citizens
16) What helps raise a country's gross domestic product?
A
high number of cars
B
high literacy rate
C
high prices
D
high population
*select an answer for all questions
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