Exploring Geography and Economics

Name three countries in the Transcaucasia region.

• Iran

• Turkey

• Armenia, Azerbaijan, Georgia

• Russia

What is the deepest lake in the world?

• Lake Victoria

• Caspian Sea

• Lake Superior

• Lake Baikal

List three natural resources found in Russia.

• Copper, uranium, and lithium

• Oil, natural gas, and coal

• Timber, fish, and wheat

• Gold, silver, and diamonds

What is one reason for the failure of the command economy in Russia?

• Inefficiencies in resource allocation and lack of innovation.

• High levels of foreign investment

• Strong government regulation of markets

• Abundance of natural resources

How deep is Lake Baikal?

• 2000 meters

• 1000 meters

• 1500 meters

• 1642 meters

What major reserves of natural resources are located in Russia?

• Large deposits of uranium and lithium.

• Major reserves of oil, natural gas, coal, timber, and minerals.

• Significant reserves of freshwater and agricultural land.

• Major reserves of gold, silver, and diamonds.

What was a significant consequence of the collapse of the Soviet Union in 1991?

• The establishment of a single global currency.

• A rise in global oil prices due to increased demand.

• Increased military cooperation among Eastern European countries.

• The emergence of multiple independent states.

Why did the command economy in Russia lead to inefficiency?

• Decentralized decision-making led to better resource allocation.

• High levels of competition boosted productivity.

• Increased foreign investment improved efficiency.

• The command economy resulted in inefficiency due to centralized planning, lack of competition, and misallocation of resources.

What type of industry was overemphasized in the Soviet economy?

• Heavy industry

• Technology industry

• Service industry

• Agricultural industry

What unique biodiversity can be found in Lake Baikal?

• Polar bears native to the Arctic region

• Tropical fish species found in the Amazon River

• Coral reefs thriving in the Great Barrier Reef

• Lake Baikal hosts unique biodiversity, including the Baikal seal, Baikal omul fish, and over 1,700 endemic species.