Southwest Asia quiz

How has the scarcity of oil affected many countries in the Middle East, such as Iraq and Kuwait?

• They are dependent on the United States for oil.

• They have used oil as their main trading commodity.

• They trade their agricultural products to other countries for oil.

• They have built oil pipelines across the Red Sea.

Saudi Arabia has a large number of foreign workers who migrate to the country to take jobs Saudis are not willing to do. This indicates that Saudi Arabia has a shortage of which of the following factors of production?

• Entrepreneurship

• Capital

• Labor

• Natural Resources

For the United States, the Persian Gulf is the most important waterway in Southwestern Asia for which of the following reasons?

• gold

• religion

• oil

• fishing

How are rights of people different in the U.S. and Iran?

• In the U.S. individual rights do not cover choosing your own religion, but in Iran, they do

• In the U.S. people have the right to work, but people in Iran cannot work

• In the U.S. people have voting and rights, but people have no voting rights in Iran.

• In the U.S. people have the right to a speedy trial, but in Iran, people are often held for long time with no trial.

Which of the following BEST explains how scarcity can affect international trade?

• Supply of the scare item will exceed demand for the item

• Countries that produce the scarce item will be boycotted

• Prices of the scarce item will increase with growing demand for the item

• Competition to obtain the scarce item will decrease