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WorksheetsBig 20 #5 Review
Total questions: 16
Worksheet time: 13mins
Where is Israel?
1
2
3
4
Which of the following is not a trade barrier?
subsidy
tariff
quota
embargo
A limit on the amount of foreign goods allowed into a country is called (a) A tax on imported goods or goods being brought into a country is called (b) Stopping trade completely with another country is called (c)
Creation of the new state of Israel in 1948 began with conflict. The Palestinians did not want to share their land with the Jews and a war broke out. Who joined with the Palestinians to fight the creation of a new country?
neighboring Arab countries
United States
major nations in Europe
United Nations
What was the outcome of the war between Palestine and Israel in 1948?
Palestine won and took almost all of Israel's land.
The Palestinians won and the UN withdrew the establishment of Israel.
Israel won and gained more territory.
Which country has an economy that is mixed and moving away from command?
South Korea
China
Cuba
North Korea
Palestinians are of the Persian ethnic group.
true
false
Israel was created mainly because
Jewish people throughout Europe were left displaced after the Holocaust.
The belief that God promised Abraham the land for Jews and the Zionist movement popularizing this idea.
all of the above
none of the above
Which country is China?
1
2
3
4
Why do we need to know the currency exchange rate when trading with other countries?
Most goods bought on the international market must be paid for in US dollars.
Nearly all world currencies are worthless on the world market.
We need to compare the value of each currency to be able to trade with different types of $ & trade fairly.
OPEC control's the world's oil and the oil market.
true
false
What are the skills, knowledge, or experience that make a worker valuable?
human capital
capital goods
entrepreneurship
natural resources
Which of the following is an example of investing in human capital?
dedicating funds to improve technology in factories
appropriating money to encourage small businesses
passing an education bill to fund public schools
providing tax cuts to those who install solar panels on their homes
What is the belief that one's actions determine one's fate?
dharma
enlightenment
karma
reincarnation
How does entrepreneurship affect an economy?
Small businesses help the economy grow.
It closes off the market and can damage the economy in the long run.
It results in the GDP decreasing.
It causes more pollution
How does the development of industry (factories) along rivers impact the water?
waste from factories are dumped into the rivers causing pollution
deforestation increases to make way for the buildings
it requires a lot of water and dries the river up
factory owners ban people from living along the river
