SS7E6 Practice Quiz: Economic Understanding SWAME

Countries characterized by widespread chronic poverty and less economic development than other nations is known as what?

• Underdeveloped

• Developed

• Prosperous

• Well-established

Which country has arable land, variety of natural resources, small oil reserves, high literacy rate?

• Syria

• Israel

• Saudi Arabia

• Turkey

Which word is measured by things such as lifestyle, income, employment opportunities, cost of goods and services?

• Per Capita

• Literacy

• Standard of Living

• Investments

What is only available for those who can afford to pay to attend?

• Gross Domestic Product

• Schooling

• Entrepreneurship

• Capital Goods

Which country is known as an exporter of oil and petroleum products, technology, high GDP, invest in human and capital goods?

• Saudi Arabia

• Turkey

• Israel

• Syria

Which word is defined as the amount of goods/services produced divided by the total population per person?

• Human Capital

• Per Capita

• Gross Domestic Product

• OPEC

Who/What set the price and supply of oil and is composed of five countries?

• Investors

• OPEC

• OIL Makers

• Literacy Raters

What is one of the most important and valuable natural resources in Southwest Asia?

• Gold

• Steel

• Oil

• Diamonds

What are raw materials a country has that make life and production of goods possible?

• Human Capital

• Investments

• Oil

• Natural Resources

What is the ability to read and write?

• Human Capital

• Literacy

• Reading Comprehension

• Understanding and annotation