Southwest Asia Factors of Production

_______________ IS KNOWN AS THE NATURAL RESOURCES USED TO PRODUCE GOODS AND SERVICES

• Entrepreneurs

• Capital

• Labor

• Land

Which factor of production is this?

• capital

• entrepreneur

• land

• labor

Each society must determine how to best use its_______

• People

• Land

• Natural Resources

• All of the above

What is the primary natural resource that has driven economic growth in Southwest Asia?

• Oil

• Coal

• Timber

• Gold

Which factor of production is most abundant in Southwest Asia, contributing to its wealth?

• Labor

• Capital

• Land

• Entrepreneurship

Which country in Southwest Asia is known for having the largest oil reserves?

• Iran

• Saudi Arabia

• Iraq

• Kuwait

What is a major challenge for agriculture in Southwest Asia?

• Lack of labor

• Scarcity of water

• Excessive rainfall

• Poor soil quality

Which factor of production is often limited in Southwest Asia due to its arid climate?

• Land

• Labor

• Capital

• Water

How has the abundance of oil in Southwest Asia affected its labor market?

• Increased demand for agricultural workers

• Increased demand for skilled labor

• Decreased need for labor

• No effect on labor market

What is a common use of capital in the oil industry of Southwest Asia?

• Purchasing land

• Investing in technology

• Hiring unskilled labor

• Building schools