Bellwork Ryan

What was the previous name of Bangladesh?

• West Pakistan

• West India

• East India

• East Pakistan

The economy of Pakistan mainly depends on which of the following businesses?

• Textile business

• Car manufacturing business

• Computer programming business

• Petroleum business

Which of the following statements about rivers in South Asia is NOT correct?

• South Asian people use river water as drinking water

• In South Asia, it is impossible to use the rivers for transportation

• The rivers in South Asia are considered sacred by Hindu living in India

• Some of the rivers in South Asia can be used to generate electricity

Which South Asian country is expected to become the most heavily populated country on Earth within the next 15 to 20 years?

• Pakistan

• Bangladesh

• India

• Nepal

What helps raise a country's Gross Domestic Product?

• high prices

• high literacy rate

• high population

• high numbers of cars

What effect does a high literacy rate have on a country's standard of living?

• no effect

• limits the standard of living

• increases the standard of living

• decreases the standard of living

Which word has the same meaning as the economic term "Tariff"

• Tax

• debt

• money

• savings

What is the purpose of a tariff, such as a protective tariff?

• to decrease the price of imported goods so a country's people can buy what they need for the lowest cost

• to increase the prices of imported goods and protect a country's own industries from foreign competition

• to increase the prices of exported goods so a country's own businesses are less likely to send their products to other nations.

• to decrease the prices of exported goods so people in other countries will buy the foreign nation's products over the one from home.

In Iran, the economy is highly centralized and there are a lot of regulations about private individuals opening and operating a businesses. However, Saudi Arabia has made owning and operating a business very easy compared to the world average. What impact does this have on the role of entrepreneurs in both countries?

• Entrepreneurs are not affected by government regulations.

• It will limit efforts of entrepreneurs in both Iran and Saudi Arabia

• Both Iran and Saudi Arabia will benefit greatly from the efforts of entrepreneurs

• Entrepreneurs will be able to make significant contributions to Saudi Arabia's economy but not to Iran's economy.

What is one positive role of natural resources in a country's economy?

• provides income as well as a valuable import

• provides income as well as a valuable export

• increase a county's dependence on other countries

• increases a country's awareness of environmental issues