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SW Asia Economics
Test Description: SW Asia Economics
Instructions: Answer all questions to get your test result.
1) One way that wealthier more urbanized countries like Saudi Arabia have dealt with the lack of freshwater is through
A
Deforestation
B
Detoxification
C
Desalination
D
Desertification
2) Polluted water from a factory has flowed into a river. The water pollution will affect the river in all of the following ways EXCEPT
A
increasing the amount of poisons in the water
B
increasing the number of fish that live in the river.
C
decreasing the potability of the water supply.
D
decreasing the plants that grow in water.
3) In a command economy, how are the prices of goods and services determined?
A
The central government
B
Independent agencies and independent regulators
C
business owners
D
Market forces of supply and demand
4) Which statement BEST reflects the difference between tariffs and quotas?
A
Tariffs raise prices on imports, while quotas set limits on imports.
B
Tariffs raise prices on exports, while quotas set limits on exports.
C
Tariffs set limits on imports, while quotas raise prices on exports.
D
Tariffs set limits on exports, while quotas raise prices on imports.
5) In a traditional economy, the decision to make (or not make) certain products is decided MOSTLY by
A
custom
B
producers
C
government
D
entreprenuers
6) Which of these terms is the BEST synonym for the word entrepreneur?
A
home owner
B
student
C
employee
D
business owner
7) What organization exists to protect the interests of nations for which petroleum is an important export?
A
IRAN
B
ASEAN
C
OPEC
D
NAFTA
8) What happens to the price of oil when OPEC countries decide to limit production?
A
Oil stops being sold
B
Oil prices collapse
C
Oil prices drop
D
Oil prices rise
9) Which Middle Eastern country would you expect to have an economy that is more market-based than command-based?
A
Saudi Arabia
B
Japan
C
Israel
D
Iran
10) The LARGEST sector of Israel's economy involves
A
petroleum production
B
coffee harvesting
C
high-tech industries
D
gold mining
11) Which of these is the BEST example of specialization in the economics of the Middle East?
A
operation of OPEC
B
irrigation along the Nile River
C
The flooding of the Tigris and Euphrates
D
New ports built along the Persian Gulf
*select an answer for all questions
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