2015 1st Semester Final Exam - Part 1: Question Preview (ID: 28427)

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People who start businesses by using their own finances and ideas, while taking all the risk are called;
a) Capitalists
b) Entrepreneurs
c) Embargo Specialists
d) Specializationists

Natural resources are not evenly distributed among countries. Which of the following correctly shows how Southwest Asia is an example of uneven distribution?
a) abundance of oil but a scarcity of water
b) abundance of coal but a scarcity of copper
c) abundance of natural gas but a scarcity of oil
d) abundance of water but a scarcity of phosphates

How does specialization encourage trade between countries in SW Asia?
a) It will help the country become a world power
b) It will increase natural resources
c) It stabilizes the exchange rate
d) Countries will trade domestic products for foreign products

The rate at which one currency may be exchanged for another is called;
a) Tariffs
b) Embargos
c) Exchange Rates
d) Taxes

In North Korea, people are told what goods to produce, how to produce those goods, and how the goods will be distributed. This is an example of what type of economy?
a) Command
b) Communist
c) Marked
d) Mixed

This river is often referred to as China’s Sorrow because it is prone to flooding which often destroys crops.
a) Tigris
b) Huang He
c) Chang
d) Euphrates

What is the relationship between investment in capital (factories, machinery, and technology) and Gross Domestic Product (GDP)?
a) GDP is based on the individual, capital is based on foreign countries.
b) GDP determines human capital which determines exchange rate which determines capital.
c) One is completely separate from the other.
d) One drives the other; the more you invest in capital the higher the GDP will be.

______________ is used to fix the quality of a particular good that foreign producers may bring into a country.
a) Taxes
b) Embargos
c) Tariffs/quota
d) Exchange Rates

In 1948, the United Nations divided the land of Palestine between Arabs and Jews. Which nation was created by its actions?
a) Syria
b) Israel
c) Egypt
d) Turkey

As of 2007, Libya is led by one person who controls all the media, is not elected, cannot be voted out of office and has absolute veto power. Libyan citizen participation could be defined as?
a) Federal
b) Oligarchic
c) Autocratic
d) Democratic

Japan’s Emperor Akihito and China’s President Jintao are political figureheads for their respective countries. Besides being from different countries, what is a major difference between Emperor Akihito and President Jintao?
a) They serve the same purpose. Both leaders have complete control and create all of the laws for their countries.
b) Emperor Akihito is a figurehead of the country and has little power. President Jintao has all of the power and makes all of t
c) President Jintao is a figurehead of the country and has little power. Emperor Akihito has all of the power and makes all of t
d) They are the president of their country but with different titles.

How are the religions of the Arabs, Persians, and Kurds diverse?
a) Each has its own unique religion
b) All three are religious groups
c) All three are ethnic groups with the same religion
d) All three are ethnic groups with many different religions

What is the difference between an ethnic group and a religious group?
a) You can choose your ethnic group but not your religious group.
b) You can choose both your ethnic and religious groups.
c) You can’t choose your ethnic group but you can choose your religious group.
d) You can pick your friend, you can pick your nose, but you cannot pick your friend’s nose

What three major religions have their origins in the Middle East?
a) Islam, Hinduism, Buddhism
b) Judaism, Christianity, Hinduism
c) Judaism, Christianity, Islam
d) Buddhism, Shintoism, Hinduism

China and Japan both have a literacy rate that exceeds 90%. Countries with a lower literacy rate such as India and Indonesia, are growing but their economy continues to struggle. How would the literacy rate affect the country’s economy?
a) The higher the literacy rate, the better the GDP would be. This would make the economy stronger.
b) The literacy rate has nothing to do with the economy.
c) The lower the literacy rate, the better the GDP would be. This would make the economy stronger.
d) The literacy rate only affects the amount of education a person has; it does not affect the economy.

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