Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Southwest Asia Economics
Test Description: Economics
Instructions: Answer all questions to get your test result.
1) An agricultural economy where things are produced the same way there ancestors have.
A
Market
B
Command
C
Traditional
D
Mixed
2) An economy that is planned and controlled by the government.
A
Market
B
Command
C
Traditional
D
Mixed
3) An economic system where price is driven by supply and demand of individuals and business owners.
A
Traditional
B
Market
C
Mixed
D
Command
4) An economic system that has both government and private business owner and consumer control.
A
Traditional
B
Mixed
C
Market
D
Command
5) Israel has an advanced free market economy that is technologically advanced. Which economy is it?
A
Command
B
Mixed Command
C
Mixed Market
D
Traditional
6) Turkey is mostly free market with little government control. Which economy is it?
A
Mixed Market
B
Command
C
Traditional
D
Mixed Command
7) Saudi Arabia's economy is mostly oil based with much government control but there is also private business ownership. Which economy is it?
A
Mixed
B
Traditional
C
Market
D
Command
8) A tax on goods coming into a country.
A
tariff
B
specialization
C
embargo
D
quota
9) A limit on the amount of a foreign good that can be imported.
A
specialization
B
embargo
C
tariff
D
quota
10) A stopping of trade with another country for punishment.
A
embargo
B
specialization
C
tariff
D
quota
11) What is the goal of the Organization of Petroleum Exporting Countries (OPEC)?
A
To keep the prices of oil high so that it is difficult to buy.
B
To keep the prices of oil low so that more be have access to it.
C
To stop oil from being sold around the world.
D
To keep the prices of oil stable so the member countries can make money.
12) The percentage of people that can read and write.
A
human capital
B
literacy rate
C
standard of living
D
physical capital
13) An investment in the education and training of workers.
A
physical capital
B
human capital
C
literacy rate
D
standard of living
14) Countries that have high literacy rates and invest in human capital will have what kind of standard of living?
A
literacy rates do not matter
B
high standard of living
C
human capital has no effect
D
low standard of living
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?