Module 4 Economics in the Middle East (7th grade World Studies)

Front

Companies that invest in the education of their employees generally experience which of the following? a decrease in overall profits, an increase in employee turnover, an increase in worker productivity, a decrease in international investments

Back

an increase in worker productivity

Front

What conclusion can be reasonably drawn based on the information in the table?

Back

Turkey most likely has a high standard of living.

Front

People who own and operate a business, and accept the risk of that business failing, are

Back

entrepreneurs.

Front

The unequal distribution of oil in Southwest Asia has contributed to which of the following? significant foreign investment in nations lacking oil supplies, the declining influence of regional trade organizations in the region, the creation of an economic free trade zone to encourage development, violent conflicts between nations over access to and control over oil reserves

Back

violent conflicts between nations over access to and control over oil reserves

Front

What connection can be made between a nation's literacy rate and its economy?

Back

Literate people can get higher paying jobs than illiterate people and increase economic activity.

Front

Based on the table of literacy rates in Southwest Asia, which of the following is MOST LIKELY true?
- The unemployment rate is higher in Turkey than it is in Iraq.
- The standard of living is higher in Saudi Arabia than it is in Iraq.
- Turkey's economy is mainly dependent on the private sector.
- Afghanistan's economy is mainly dependent on the public sector.

Back

The standard of living is higher in Saudi Arabia than it is in Iraq.

Front

Which of the following organizations did Iraq, Iran, Kuwait, Saudi Arabia, and Venezuela found together? Options: the International Trade Organization, the Economic Cooperation Organization, the Organization of Petroleum Exporting Countries, the Organization for Economic Co-operation and Development

Back

the Organization of Petroleum Exporting Countries

Front

Which of the following BEST describes a quota? a ban placed on all trade with a particular country, a tax placed on goods imported from a country, a tax on export goods paid to the exporting government, a limit on the amount of goods that can be imported from a country

Back

a limit on the amount of goods that can be imported from a country

Front

How does improving the literacy rate increase the standard of living in a country?

Back

by allowing people to find better jobs

Front

In 1960, Iran, Iraq, Kuwait, and Saudi Arabia joined Venezuela to form the Organization of the Petroleum Exporting Countries (OPEC). How did forming this organization allow those four Southwest Asian countries to gain billions of dollars to modernize their economies?

Back

By controlling supplies, OPEC nations were able to set the prices for oil.