Which would be a problem in a command economy?

individuals trying to start a new business

government planners set prices for goods produced

workers forced to do jobs they did not care to do

local crafts produced before manufactured goods

Why do most economies in the world today operate somewhere in between a market economy and a command economy?

Most economies have found they need a mix of free market and some government control to be successful and protect consumers.

Most consumers want government control of the economy .

Government control makes a market economy more profitable.

Government control of some aspects of the economy has never been successful in the modern world.

How have the Israelis made up for their lack of natural resources?

They have developed strong technology companies in their economy.

Israelis have refused to import oil, saving huge amounts of money each year.

They have relied primarily on farming to keep their economy going.

They have put everyone to work and have no unemployment.

Why was OPEC created?

to regulate the supply and price of oil

to design new machinery to get oil out of the ground

to keep countries that are not members from producing any oil

to help the Palestinians in their problems with Israel

Why have the Israelis made a big investment in human capital?

They need well-trained workers because their economy depends on advanced technology.

They have to bring in workers from other countries.

Investing in human capital takes very little money.

Their main industry is the oil industry.

Why would the Saudi oil industry need a large investment in human capital?

The technology in the oil industry is very complicated.

The Saudi have found it hard to make a profit in the oil industry.

Most people working in the Saudi oil industry have little or no real training.

They hope to have machines take over most of the jobs now done by workers.

If a country does not invest in its human capital, how can that lack of investment affect the country's gross domestic product (GDP)?

GDP may go down because poorly trained workers will not be able to do their jobs as well.

GDP is only affected if workers pay for the investment out of their own pockets.

Most workers want to keep their jobs and do not care about GDP.

Investment in human capital has little effect on a country's GDP.

Why are oil and gas such valuable natural resources?

Industrial countries depend on oil gas as their energy supply.

Large deposits of oil and gas are found in most countries.

Oil and gas are the only sources of energy used around the world.

It is easy to replace oil and gas supplies after they are used.

How has the Saudi government used its national wealth to change the country?

The government has paid for improvements in transportation, education, health care, and agriculture.

The Saudi government has spent very little to improve the lives of ordinary citizens.

All Saudi citizens are given an equal share of the national wealth.

A majority of the national wealth has been given to religious organizations in the country.

How does Saudi Arabia benefit from belonging to the Organization of Petroleum Exporting Countries?

OPEC keeps the price of oil high on the world market.

Countries in OPEC are able to share water resources with each other.

The organization sets up tariffs to protect Southwest Asian manufacturing.

OPEC makes it possible for Southwest Asian countries to buy oil at low prices.

Middle East Economics and Map Review

Quiz

•

Social Studies

•

7th Grade

•

Practice Problem

•

Medium

Georgia Frisch

Used 283+ times

FREE Resource

Syria

Jordan

Israel

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Identify letter "F" on this map.

Turkey

Saudi Arabia

Syria

Jordan

Israel

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Identify letter "H" on this map.

Turkey

Saudi Arabia

Syria

Jordan

Israel

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Identify letter "A" on this map.

Identify letter "B" on this map.

Identify letter "C" on this map.

Identify letter "D" on this map.

Identify letter "E" on this map.

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Identify letter "J" on this map.

Identify letter "K" on this map.

Identify number "1" on this map.

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