Economics SWA Unit 5 Test Review

Economics SWA Unit 5 Test Review

7th Grade

26 Qs

quiz-placeholder

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Economics SWA Unit 5 Test Review

Economics SWA Unit 5 Test Review

Assessment

Quiz

Social Studies

7th Grade

Practice Problem

Easy

Created by

Meghan DOrazio

Used 34+ times

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26 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which economic system do the people own all the resources and make all the economic decisions?

Command

Market

Traditional

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The economies of Israel, Saudi Arabia, and Turkey can best be described as:

Mixed

Market

Command

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

______________ is the trading of one country’s currency to the currency of another country.

Currency Exchange

Bartering

Importing

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does Israel specialize in?

Fishing

Technology

Agriculture

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Factories, machinery, and technology are examples of ______________

Natural Resources

Human Capital

Capital Goods

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which country has a mixed economy in which the monarchy controls key resources (oil) and industries?

Saudi Arabia

Turkey

Israel

Iran

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which organization was created to regulate the supply and price of oil?

NATO

OPEC

EU (European Union)

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