SW Asia Economics Question Preview (ID: 54081)


SW Asia Economics. TEACHERS: click here for quick copy question ID numbers.

One way that wealthier more urbanized countries like Saudi Arabia have dealt with the lack of freshwater is through
a) Desalination
b) Deforestation
c) Desertification
d) Detoxification

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) decreasing the plants that grow in water.
c) increasing the amount of poisons in the water
d) decreasing the potability of the water supply.

In a command economy, how are the prices of goods and services determined?
a) The central government
b) business owners
c) Market forces of supply and demand
d) Independent agencies and independent regulators

Which statement BEST reflects the difference between tariffs and quotas?
a) Tariffs raise prices on imports, while quotas set limits on imports.
b) Tariffs set limits on imports, while quotas raise prices on exports.
c) Tariffs set limits on exports, while quotas raise prices on imports.
d) Tariffs raise prices on exports, while quotas set limits on exports.

In a traditional economy, the decision to make (or not make) certain products is decided MOSTLY by
a) custom
b) entreprenuers
c) government
d) producers

Which of these terms is the BEST synonym for the word entrepreneur?
a) business owner
b) home owner
c) employee
d) student

What organization exists to protect the interests of nations for which petroleum is an important export?
a) OPEC
b) ASEAN
c) IRAN
d) NAFTA

What happens to the price of oil when OPEC countries decide to limit production?
a) Oil prices rise
b) Oil prices drop
c) Oil prices collapse
d) Oil stops being sold

Which Middle Eastern country would you expect to have an economy that is more market-based than command-based?
a) Israel
b) Iran
c) Japan
d) Saudi Arabia

The LARGEST sector of Israel's economy involves
a) high-tech industries
b) gold mining
c) coffee harvesting
d) petroleum production

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) New ports built along the Persian Gulf
d) The flooding of the Tigris and Euphrates

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