NEW
Font size
WorksheetsStudy Guide for World Geography Final May 2018
Total questions: 72
Worksheet time: 36mins
What are the three basic economic questions?
What to buy, what to sell, what to make
What to make, who to make it for, who will sell it
What to produce, how to produce it, who to produce it for
How are economic decisions made in a traditional economy?
government planners
customs and habits
consumers and the market
Who makes the decisions in a command economy?
government planners
customs and habits
consumers and the market
Who make the decisions in a market economy?
government planners
customs and habits
consumers and the market
Most modern economies are referred to as mixed economies because:
poverty is always highest in countries with market economies
products made by traditional economies have no markets in the world
most countries have all aspects of three economic types at work in their economies
Most economies in the world today operate somewhere between a market and command economy because:
a mix of free market and some government control is necessary to be successful and protect consumers
most consumers want the government to control the economy
government control makes a market economy more profitable
The economies of Israel, Saudi Arabia, Turkey, and Iran could best be described as:
market
mixed
command
The Israelis have made up for their lack of resources by:
putting everyone to work and having no unemployment
relying primarily on farming to keep their economy going
developing strong technology companies in their economies
The government of Saudi Arabia heavily controls the ______ industry.
technology
oil
agriculture
Economic specialization is:
Directly swapping goods from one country to another without using money
producing all goods and services needed for a country's growth to avoid trading with other countries
producing goods a country can make most efficiently so they can trade them for goods made by others that cannot be produced locally
Saudi Arabia specializes in the production of ______________.
oil and sugar
olives and oranges
oil and gas
Israel specializes in _________________________.
medical technologies
advanced technologies
oil and gas
________________, _______________, and _______________ are the three types of trade barriers.
taxes, death, and wealth
tariffs, quotas, and embargos
taxes, war, and boycotts
A _______________ is a tax placed on imported goods coming into one country from another.
tariff
embargo
quota
A ___________ is a restriction or limit to the number or amount of a foreign-produced good that is allowed into the country.
tariff
embargo
quota
A(n) ________________ forbids or stops trade with a particular country for economic or political reasons.
tariff
embargo
quota
__________ was created in 1960 by five oil-rich countries to regulate the supply and price of oil.
NATO
USDA
OPEC
The price of oil _______ when OPEC countries decide to limit production.
rises
drops
remains the same
It is important to have a system to convert from one currency to another because:
banks are not able to handle different kinds of currency.
the dollar is the most valuable currency in the world.
this makes it possible to buy and sell goods between nations with different types of money.
Countries are investing in ____________ when they spend money to educate their citizens.
capital
human capital
infrastructure
Countries are investing in _____________ when they spend money to build bridges, roads, and factories.
capital
human capital
health care
Israelis have made big investments in human capital because:
their main industry is the oil industry.
they need well-trained workers because their economy depends on advanced technology.
they have to bring workers from other countries.
One of Iran's biggest problems with their state-run oil industry is:
few remaining large oil deposits
lack of market for their product
inefficiency and poor organization
Not investing in its human capital could affect a country's:
GDP
standing in the OPEC community
infrastructure
Oil and gas are such valuable natural resources because:
industrial countries depend on oil and gas as their energy supply.
large deposits of oil and gas are found in most countries.
oil and gas are the only sources of energy used around the world.
Someone who is willing to take risks to begin a new business is an _____________.
operator
elected official
entrepreneur
Based on the chart, what conclusion would be most logical concerning the GDP and standard of living of the two countries?
Yemen most likely has a higher GDP growth rate and lower standard of living.
Yemen is not concerned with GDP or standard of living.
Lebanon likely has a higher GDP growth rate and higher standard of living.
Lebanon is spending too much on education causing a lower standard of living.
Many major industries in Saudi Arabia have significant government involvement or government control. Based solely on this information, which type of economic system would BEST describe Saudi Arabia?
markey
federalist
traditional
command
How do most countries around the world answer basic economic questions?
using a mixture of command and market economies
most countries are pure market economies
most countries are pure command economies
using a mixture of traditional and market economies
Which location identifies where most of the world's economies would be placed on the graphic/continuum?
At point A
At point B
Between points A and B
Between points C and D
Which statement describes the potential trading relationship between Saudi Arabia and Israel?
Since they both specialize, they do not make good trading partners.
Because they specialize in different goods, they could make good trading partners.
They do not use the same currency, therefore it is impossible for them to trade.
Petroleum is always worth more than Israel's exports so the countries should not trade.
What is the primary function of the Organization of Petroleum Exporting Countries (OPEC)?
They establish how oil is to be used around the world.
Only members of OPEC may export oil to other countries.
The members are mainly responsible for setting the amount of oil produced and exported.
OPEC is responsible for organizing trade routes to trace oil as it is shipped around the world.
Which is a major similarity between the economies of Saudi Arabia and Iran?
both countries rely on oil as a primary export
neither country has to trade with other countries
both countries trade their vast resources of water
neither country is concerned with investment in capital
If Iran decided to invest several billion dollars in education and training, how would their GDP likely be affected?
it would decrease
it would not change
it would increase
it would depend on other factors
Which describes entrepreneurship?
the physical talents of peole to build things
people putting together productive resources to produce a good or service
machines, tools, and devices used for production
the ability to harvest and use natural resources
What are three major water problems in the Middle East?
too much ground waters, aquifers, pollution
flooding, pollution, dams
water shortages, flooding, pollution
water shortages, unequal distribution, pollution
What are the three main oil-producing countries?
Israel, Kuwait, Saudi Arabia
Turkey, Israel, Saudi Arabia
Iran, Iraq, Saudi Arabia
Iran, Iraq, Turkey
Over the last 50 years, residents have been leaving the nomadic life to live where?
cities
oasis
farms
villages
Efficient rapid transit systems would help solve what transportation problems?
crowded roads and water pollution
too many bikers and walkers
crowded roads and air pollution
donkeys and camels on the road
There is usually a high correlation between the standard of living and ________.
the price of oil
the literacy rate
religion
population
The state of Israel was established in what year?
1802
1980
1948
1600
A government that is controlled by a religious leader is a:
democracy
monarchy
theocracy
parliamentary
What two challenges does Israel face in building its economy?
a shortage of tourists and food
national security and immigration
national security and nuclear waste
immigration and food shortages
The government controls everything in this type of economy:
market
traditional
command
mixed
What type of economy does Israel have?
parliamentary
traditional
command
market
_____________ was formed in 1960 by five oil-rich countries.
Organization of Petroleum Exporting Countries (OPEC)
Organization of Petroleum Importing Countries (OPIC)
Countries Selling Oil (CSO)
Countries with Oil for Sale (CWOFS)
The type of money used by a country is called:
bank deposits
dollars
currency
conversion
When a country educates and trains its people, it is investing in _____________.
natural resources
transportation
its infrastructure
human capital
When a country invests in transportation systems and power plants, it is investing in ____________.
human capital
entrepreneurs
capital
food
A country with crumbling bridges and damaged roads is demonstrating a lack of ________________.
human capital investment
entrepreneurs
capital investment
food
A(n) ______________ has an idea for a good or service and takes the risks to produce it.
money manager
investor
banker
entrepreneur
A major conflict in the Middle East is between Arab states and ________.
Israel
Iraq
Iran
Turkey
During WWII, six million Jews were killed in what is called the:
Generation of Genocide
Apartheid
Night of Broken Glass
Holocaust
The movement to unite displaced Jews and settle them in Palestine was called _______________.
zionism
Anti-Semitism
Homecoming
Immigration
Who wanted to rid the world of "its Jewish problem"?
Osama bin Laden
Saddam Hussein
Adolf Hitler
Zionists
Prejudice against Jews is known as ___________________.
Anti-Semitism
Zionism
Imperialism
Apartheid
Which country did Saddam Hussein rule?
Kuwait
Afghanistan
Iraq
Israel
When comparing the economic systems of South Africa and Nigeria, which is correct?
neither country uses any part of a market system
the economic systems rely solely on agriculture for income
both countries are almost completely command economies
both countries have mixed economies that are closer to market than command
South Africa generates more than 50% of Africa's electricity. Based on the idea of specialization, how can other countries in Africa benefit from South Africa's electricity production?
learn from South Africa and produce their own electricuty
produce electricity so South Africa can begin to produce other things
try to produce everything on their own so they won't rely on South Africa at all
produce goods or services that South Africa needs and trade for electricity
If Nigeria passed a law that taxed all imports from South Africa, this would be known as:
a tariff
an embargo
a quota
an entrepreneur
Nigeria's currency is known as the naira while South Africa's currency is known as the rand. How will this affect trade between the two countries?
trade is impossible since they don't use the same type of money
since trading is done with goods, currency has no effect on trade
they must find a system for exchanging currencies in order to trade
they must use third country that will accept both currencies
From 2003 to 2007 Nigeria's GDP increased 5%. Which statement is most consistent with this data?
there was an investment in human capital through education and training
oil companies in the region shut down
Nigeria stopped investing in capital resources like machinery and technology
the countries surrounding Nigeria had improved economies
After the apartheid era, Soth Africa invested heavily in modern production technologies. Which statement is an example of a result of this investment?
South Africa's GDP increased
South Africa's population decreased
fewer countries trade with South Africa
Agriculture is the main source of income for South Africa
Which resource has the most direct impact on the population and development of Nigeria?
uranium
lumber
oil
diamonds
What would most likely happen to the standard of living in African countries if more efforts were taken to increase literacy rates?
it would decrease
it would not change
there is no relationship between the two
it would increase
If literacy rates affect standards of living in countries, which statement is most likely true regarding the standard of living in these countries?
it is higher in Kenya and South Africa
it is higher in Sudan and Nigeria
it is equal in all of the countries
it is highest in Sudan
Since the late 1900s, the Sahel region of Africa has faced problems resulting from:
increasing desertification
the lack of rainfall from the monsoons
the effects of acid rain
water pollution
What is desertification?
spread of desert area
decrease of desert area
overpopulation of desert area
preserving desert area
Why is farming difficult in the Sahel?
government programs have moved too many people to the area
little rain falls in that region
no rain falls in the region
tall grasses make farming difficult
Which is the best climate zone in Africa for farming?
savanna
Sahara
sahel
desert
What African land form has rolling grassland and few scattered trees?
rainforest
savanna
Sahel
desert
What is Africa's transition zone between desert and rain forest called and makes it difficult for farming?
savanna
Sahel
Kalahari
Sahara
