Israel, Saudi Arabia, And Turkey Question Preview (ID: 33129)


Economies Of These Countries. TEACHERS: click here for quick copy question ID numbers.

Which country mostly exports oil and petrochemicals?
a) Saudi Arabia
b) Israel
c) Turkey
d) Iran

Which country exports mostly agriculture, banking, and computers?
a) Saudi Arabia
b) Turkey
c) Israel
d) Iran

Which country diversifies products and actually exports very little?
a) Israel
b) Saudi Arabia
c) Turkey
d) Iran

Which describes the economies of Israel, Turkey, and Saudi Arabia?
a) Pure command
b) Pure Market
c) Command and market
d) Mixed market

How many products does Turkey actually export?
a) All of them
b) 1/2
c) 1/5
d) 3/8

Which country relies on the majority of exports for profit?
a) Israel
b) Saudi Arabia
c) Turkey
d) Iran

The economic continuum represents the amount of ____________ given by the _________ regarding the ___________
a) freedom / companies / housing market
b) choice / schools / homework
c) freedom / government / economy
d) money / citizens / voting

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?

If Turkey imposes a tariff on Saudi Arabia, what does that really mean?
a) They stopped trading with them
b) They limited the amount of goods
c) They imposed a tax
d) They wanted to negotiate better prices

If Israel decides to invest money to educate and train people going to trade school, they are investing in _____________
a) Scarcity
b) Human Capital
c) Consumption
d) Goods

If Saudi Arabia decides to not invest money in human capital, they will have problems because ____________
a) there will be no money to pay its workers
b) workers will learn on their own skills they need
c) businesses will not pay the taxes to pay for good schools
d) workers who are not educated, skilled, and healthy are less productive

Turkey has decided to invest money in their power plants; this is an investment in ______
a) capital
b) natural resources
c) entrepreneurship
d) human capital

Which natural resource is significant to the Middle East?
a) gold
b) coal
c) iron ore
d) oil

What is one positive role of natural resources in a country's economy?
a) provides income as a valuable import
b) provides income as a valuable export
c) increases a country's dependence on other countries
d) increases a country's awareness of governmental issues

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 helped increase foreign trade
b) it caused a decrease in foreign debt
c) it helped increase the country's GDP
d) it resulted in fewer jobs for Saudi citizens

What helps raise a country's gross domestic product?
a) high prices
b) high population
c) high literacy rate
d) high number of cars

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