48: describe factors that influence economic growth and examine their presence or absence in Israel, Saudi Arabia, and Turkey

What are capital goods?

• The workers who make the goods and services.
• The factories and machines used to make goods.
• The money spent to train workers to use new technology.
• The goods and services that are produced for a country's economy. 

How has Israel made up for its lack of natural resources?

• by importing raw materials and keeping them in storage

• by fishing and desalinating water and then producing all other natural resources

• by importing raw materials and exporting technology and finished goods like polished diamonds and software

• by exporting oil and using the desert to grow all of their food

What is human capital?

• the value of a person’s skills and education, scientists, doctors, or workers
• a person who takes a risk to start a new business
• goods used to make other goods
• gifts of the earth

What is an entrepreneur?

• the value of a person’s skills and education, scientists, doctors, or workers
• a person who takes a risk to start a new business
• goods used to make other goods
• gifts of the earth

What are capital goods?

• the value of a person’s skills and education, scientists, doctors, or workers

• a person who takes a risk to start a new business

• goods used to make other goods, like machines

• gifts of the earth

What are natural resources?

• the value of a person’s skills and education, scientists, doctors, or workers
• a person who takes a risk to start a new business
• goods used to make other goods
• gifts of the earth-coal, oil, natural gas, trees, gold

How do factors of growth impact the GDP of a country? 

• The more a country invests in the factors of growth, the more the GDP will grow.
• The more a country invests in GDP, the more the factors of growth will grow.
• The more a country invests in the factors of growth, the less the GDP will grow.
• The more a country invests in GDP, the less the factors of growth will grow.

Which two countries depend on oil as their most important natural resource?

• Israel and Turkey

• Israel and Iran

• Saudi Arabia and Turkey

• Iran and Saudi Arabia

Saudi Arabia’s literacy rate increased from approximately 48% in 1980 to over 78% by 2009. Using the chart above, which of the following conclusions can be drawn?

• Iran has a higher literacy rate

• GDP has decreased because of the spending

• Saudi Arabia raised its capital goods spending

• Saudi Arabia increased investment in human capital

A woman brings together capital, natural, and human resources to start a custom furniture business. This is an example of

• a natural resource

• a capital good

• human capital

• entrepreneurship