WorksheetsE.4.a & b. Middle East Economics
Total questions: 12
Worksheet time: 6mins
To swap a good/service for a good/service without using money.
barter
trade
mixed
traditional
The line that represents the range between pure command and pure market.
economic continuum
exchange rate
literacy rate
per capita GDP
An economic system based on meeting one's needs using historical and custom-based means of production.
traditional
market
command
mixed
The combination of two or more economic systems.
mixed
traditional
command
one-crop
A country that has high literacy rates, long life-spans, and high GDPs are considered this.
Developed
Developing
Pastoral
One-crop
Israel has more economic rights for consumers and producers than Saudi Arabia.
TRUE
FALSE
Oil production has little or no impact on the economy of Turkey.
TRUE
FALSE
Compared to its neighbors Israel has one of the strongest economies in the region.
TRUE
FALSE
In the Middle East, countries with ___________ tend to have higher GDP's than countries that don't have oil.
feathers
spoons
technology
oil
The ________________________ owns and controls the oil in Saudi Arabia
President
Government (Royal Family)
Prime Minister
Vice President
True or False: Saudi Arabia is the only country in the Middle East that makes a profit from selling oil.
True
False
True or False: Israel's economy is considered much more diverse than Saudi Arabia's and Turkey's because they invest in electronics, diamonds, and engineering and the labor force is highly educated.
True
False
