SW Asia Econ

Ally is from Israel and wants to buy something from Jordan. She needs to determine what the good will cost her in dinars rather than shekels. What do we call this?

• Literacy rate

• Production Rate

• Exchange Rate

• Standard of living

Which country listed below have oil as their main export?

• Saudi Arabia and Iran

• Turkey and Syria

• Israel and Jordan

• Syria and Kuwait

Israel and Turkey's economy both rely heavily on service industry jobs. Which one of these is a service industry job?

• Forestry

• Agriculture

• Textiles

• Healthcare

This SW Asian country economy is based on agriculture.

• Turkey

• Iran

• Saudi Arabia

• Nigeria

Which statement about Israels economy is true today?

• Israel is NOT technology advanced

• Israel is purely command economy

• Israel's government controls most economic activities related to agriculture

• Israel has a wealth of natural resources

Which statement best describes the economies of many SW Asian countries today?

• They are command economies

• They are based on agriculture

• They are a free market

• They are mixed economies

This country has the highest literacy rate and highest entrepreneurs.

• Turkey

• Saudi Arabia

• Iraq

• Israel

How has Israel made up for its lack of resources?

• Invest in human capital

• Everyone works

• They do not import oil

• Invest in capital goods

1973 Oil Crisis, OPEC nations stopped petroleum they would sell to the US. What is this economic trade barrier?

• Tariff

• Export

• Embargo

• Quota

Kuwait, Saudi Arabia, and Iran among other Persian Gulf countries belong to the same organization. What is that organization?

• OPEC, control exchange rate between the Persian Gulf countries

• NATO, control the quality of petroleum

• NATO, encourages democracy

• OPEC, controls price and production of oil