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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
Turkey
B
Saudi Arabia
C
Israel
D
Iran
2) Which country exports mostly agriculture, banking, and computers?
A
Saudi Arabia
B
Iran
C
Israel
D
Turkey
3) Which country diversifies products and actually exports very little?
A
Iran
B
Saudi Arabia
C
Turkey
D
Israel
4) Which describes the economies of Israel, Turkey, and Saudi Arabia?
A
Pure command
B
Mixed market
C
Pure Market
D
Command and market
5) How many products does Turkey actually export?
A
3/8
B
1/5
C
1/2
D
All of them
6) Which country relies on the majority of exports for profit?
A
Saudi Arabia
B
Israel
C
Iran
D
Turkey
7) The economic continuum represents the amount of ____________ given by the _________ regarding the ___________
A
choice / schools / homework
B
money / citizens / voting
C
freedom / companies / housing market
D
freedom / government / economy
8) Which is NOT a question asked about an economy?
A
What to produce?
B
How to produce?
C
What will people buy?
D
For whom to produce?
9) If Turkey imposes a tariff on Saudi Arabia, what does that really mean?
A
They imposed a tax
B
They limited the amount of goods
C
They stopped trading with them
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
Human Capital
B
Goods
C
Consumption
D
Scarcity
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
workers will learn on their own skills they need
D
there will be no money to pay its workers
12) Turkey has decided to invest money in their power plants; this is an investment in ______
A
human capital
B
capital
C
natural resources
D
entrepreneurship
13) Which natural resource is significant to the Middle East?
A
coal
B
gold
C
iron ore
D
oil
14) What is one positive role of natural resources in a country's economy?
A
provides income as a valuable import
B
increases a country's awareness of governmental issues
C
increases a country's dependence on other countries
D
provides income as a valuable export
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 resulted in fewer jobs for Saudi citizens
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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