SS7E4 Economic System of Saudi Arabia

SS7E4 Economic System of Saudi Arabia

Multiple Choice

On which natural resource does Saudi Arabia's economy depend?

• oil

• forests

• diamonds

• coal

Multiple Choice

Who owns the oil industries in Saudi Arabia?

• government (royal family)

• private companies

Multiple Choice

Who makes most of the economic decisions in Saudi Arabia?

• Private businesses make almost no decisions, while the government decides everything.

• The government makes no decisions, while private businesses decide everything.

• The government makes most of the decisions, but it allows private businesses to make some decisions.

Multiple Choice

Which statement best describes Saudi Arabia's economic system?

• Saudi Arabia's economy is a pure command economy.

• Saudi Arabia's mixed economy has a strong command side, but it is adding more market elements.

• Saudi Arabia's mixed economy has a strong market side, but it is adding more command elements.

Multiple Select

What investment in capital goods is Saudi Arabia making? (Choose 2)

• updating its factory machines and technology

• educating its citizens

• waging war against its neighbors

• building more roads, railways, and airports

Multiple Select

How will Saudi Arabia's investments in capital goods most likely impact its GDP? (Choose 2)

• They will increase GDP by better transporting people and products across the country.

• They will decrease GDP because so much money is being spent.

• They will increase GDP by making factory production more efficient.

• They will decrease GDP because better factory improvements result in fewer jobs for citizens.

Multiple Select

What investments in human capital is Saudi Arabia making? (Choose 3)

• improving its education system

• updating factory machines

• boosting spending on research and job training

• building more schools and colleges

• building railways to better transport goods

Multiple Choice

What is the main reason why Saudi Arabia is making investments in human capital?

• Trained workers fill essential jobs in the economy and help increase the country's GDP.

• Educated workers are happier because of the knowledge they've gained.

• Saudi Arabia wants to attract foreign students to attend its universities and technical colleges.