
SW Asia Economy
Authored by Jared Jordan
Geography
7th Grade
Used 1K+ times

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22 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What are the 3 basic economic questions that all economic systems must answer?
What to produce, how to produce it, and for whom to produce the goods
When to produce, why to produce, and how long to produce
To what extent to produce, how much to produce, why to produce
What to produce, why to produce, and how much to produce
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The economies of Israel, Saudi Arabia, Turkey, and Iran could be best described as
Traditional
Pure Market
Mixed Command
Mixed Market
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
In a market economy, who makes the economic decisions?
subsistence farmers (grow just enough to feed family)
custom and habit (do what ancestors did)
government planners (public control)
people (productions based on supply and demand)
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which industry does Saudi Arabia's government specialize in?
Oil
technology
agriculture
textile manufacturing
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Where are most of the countries of OPEC located?
Africa
South America
North America
Southwest Asia
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Why was OPEC created?
To regulate the supply and price of oil
To help the Palestinians in their problems with Israel
To design new machinery to get oil out of the ground
To keep countries that are not members from producing any oil
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Why have the Israelis made a big investment in human capital?
They need capital tools to extract the abundance of oil profits.
Investing in human capital will decrease the standard of living an overall quality of life.
They have to bring in workers (labor) from other countries.
They need well trained workers because their economy is diversified with advanced technology.
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