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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
Saudi Arabia
B
Turkey
C
Israel
D
Iran
2) Which country exports mostly agriculture, banking, and computers?
A
Turkey
B
Israel
C
Saudi Arabia
D
Iran
3) Which country diversifies products and actually exports very little?
A
Israel
B
Iran
C
Turkey
D
Saudi Arabia
4) Which describes the economies of Israel, Turkey, and Saudi Arabia?
A
Pure Market
B
Command and market
C
Pure command
D
Mixed market
5) How many products does Turkey actually export?
A
All of them
B
1/5
C
3/8
D
1/2
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
money / citizens / voting
D
choice / schools / homework
8) Which is NOT a question asked about an economy?
A
For whom to produce?
B
How to produce?
C
What will people buy?
D
What to produce?
9) If Turkey imposes a tariff on Saudi Arabia, what does that really mean?
A
They limited the amount of goods
B
They stopped trading with them
C
They imposed a tax
D
They wanted to negotiate better prices
10) If Israel decides to invest money to educate and train people going to trade school, they are investing in _____________
A
Consumption
B
Human Capital
C
Goods
D
Scarcity
11) If Saudi Arabia decides to not invest money in human capital, they will have problems because ____________
A
workers who are not educated, skilled, and healthy are less productive
B
there will be no money to pay its workers
C
businesses will not pay the taxes to pay for good schools
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
natural resources
B
capital
C
human capital
D
entrepreneurship
13) Which natural resource is significant to the Middle East?
A
iron ore
B
oil
C
coal
D
gold
14) What is one positive role of natural resources in a country's economy?
A
increases a country's dependence on other countries
B
provides income as a valuable export
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 resulted in fewer jobs for Saudi citizens
C
it helped increase the country's GDP
D
it helped increase foreign trade
16) What helps raise a country's gross domestic product?
A
high prices
B
high number of cars
C
high literacy rate
D
high population
*select an answer for all questions
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