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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
Desertification
B
Desalination
C
Detoxification
D
Deforestation
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 number of fish that live in the river.
B
increasing the amount of poisons in the water
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
business owners
B
Independent agencies and independent regulators
C
Market forces of supply and demand
D
The central government
4) Which statement BEST reflects the difference between tariffs and quotas?
A
Tariffs set limits on imports, while quotas raise prices on exports.
B
Tariffs raise prices on imports, while quotas set limits on imports.
C
Tariffs set limits on exports, while quotas raise prices on imports.
D
Tariffs raise prices on exports, while quotas set limits on exports.
5) In a traditional economy, the decision to make (or not make) certain products is decided MOSTLY by
A
entreprenuers
B
custom
C
producers
D
government
6) Which of these terms is the BEST synonym for the word entrepreneur?
A
employee
B
home owner
C
business owner
D
student
7) What organization exists to protect the interests of nations for which petroleum is an important export?
A
NAFTA
B
IRAN
C
OPEC
D
ASEAN
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 rise
D
Oil prices drop
9) Which Middle Eastern country would you expect to have an economy that is more market-based than command-based?
A
Israel
B
Saudi Arabia
C
Iran
D
Japan
10) The LARGEST sector of Israel's economy involves
A
coffee harvesting
B
petroleum production
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
irrigation along the Nile River
B
New ports built along the Persian Gulf
C
operation of OPEC
D
The flooding of the Tigris and Euphrates
*select an answer for all questions
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