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SS7E6 Practice Quiz: Economic Understanding SWAME

Total questions: 32

Worksheet time: 13mins

Name
Class
Date
1.

Countries characterized by widespread chronic poverty and less economic development than other nations is known as what?

a)

Underdeveloped

b)

Developed

c)

Prosperous

d)

Well-established

2.

Which country has arable land, variety of natural resources, small oil reserves, high literacy rate?

a)

Syria

b)

Israel

c)

Saudi Arabia

d)

Turkey

3.

Which word is measured by things such as lifestyle, income, employment opportunities, cost of goods and services?

a)

Per Capita

b)

Literacy

c)

Standard of Living

d)

Investments

4.

What is only available for those who can afford to pay to attend?

a)

Gross Domestic Product

b)

Schooling

c)

Entrepreneurship

d)

Capital Goods

5.

Which country is known as an exporter of oil and petroleum products, technology, high GDP, invest in human and capital goods?

a)

Saudi Arabia

b)

Turkey

c)

Israel

d)

Syria

6.

Which word is defined as the amount of goods/services produced divided by the total population per person?

a)

Human Capital

b)

Per Capita

c)

Gross Domestic Product

d)

OPEC

7.

Who/What set the price and supply of oil and is composed of five countries?

a)

Investors

b)

OPEC

c)

OIL Makers

d)

Literacy Raters

8.

What is one of the most important and valuable natural resources in Southwest Asia?

a)

Gold

b)

Steel

c)

Oil

d)

Diamonds

9.

What are raw materials a country has that make life and production of goods possible?

a)

Human Capital

b)

Investments

c)

Oil

d)

Natural Resources

10.

What is the ability to read and write?

a)

Human Capital

b)

Literacy

c)

Reading Comprehension

d)

Understanding and annotation

11.

Which country has high education, technology, lack natural resources, human capital, capital goods, and communication?

a)

Syria

b)

Turkey

c)

Saudi Arabia

d)

Israel

12.

What is known as the act of putting money, effort, time, etc. into something  to make a profit or get an advantage?

a)

Banking

b)

Income

c)

Capital Goods

d)

Investments

13.

What is the knowledge and skills workers need to earn a living producing goods/services?

a)

Human Capital

b)

Capital Goods

c)

Entrepreneurs

d)

Investors

14.

What is the total value of all final goods/services produced within a  single year?

a)

Standard of Living

b)

Investments

c)

Per Capita

d)

Gross Domestic Product

15.

What leads to a higher Gross Domestic Product (GDP)?

a)

Schooling

b)

Greater Profit

c)

Investments

d)

Per Capital

16.

What is composed of land, labor, capitals, and entrepreneurs, and resources that are the building blocks of the eonomy?

a)

Capital Goods

b)

Economic Growth

c)

Investments

d)

Factors of Production

17.

Who are creative, original thinkers who are willing to take risks to create new businesses?

a)

Entrepreneurs

b)

Investors

c)

Human Capital

d)

Bankers

18.

What is the process of producing more goods for sale in a quicker and more efficient ways lead to this and greater profit called?

a)

Gross Domestic Product

b)

Investments

c)

Economic Growth

d)

Developing

19.

Countries with low standard of living, little industrial and economic activity, and where people generally have low incomes are known as what?

a)

Wealthy

b)

Prosperous

c)

Underdeveloping

d)

Developing

20.

The factories, machines, and technology that people use to make other goods are known as what?

a)

Productions Equipments

b)

Gross Domestic Product

c)

Capital Goods

d)

Human Goods

21.

Another way to recognize Organization of Petroleum Exporting Countries is what?

a)

OPEP

b)

OPEC

c)

OPCE

d)

OCEP

22.

Who has less opportunity to go to school?

a)

Immigrant

b)

Poor People

c)

Boys

d)

Girls

23.

Why have the Israelis made a big investment in human capital?

a)

They have to bring workers in from other countries

b)

Investing in human capital takes very little money

c)

They need well-trained workers because of their advanced technology

d)

Their main industry is oil.

24.

Why would the Saudi oil industry need a large investment in human capital?

a)

They found it hard to make a profit in the oil industry.

b)

The technology in the oil industry is very complicated

c)

Most workers in the oil industry have little or no real training.

d)

They want the machinery to replace the workers.

25.

If a country do not invest in human capital, what would happen to their GDP?

a)

GDP may do down

b)

It will have very little effect.

c)

Worker don't care about GDP

d)

GDP only affect workers' pay

26.

Israel has invested heavily in capital goods in all of the following EXCEPT what... Which one does not belong?

a)

oil

b)

defense

c)

communication

d)

farming and agriculture

27.

How much of the oil used by the United States has to be imported every day?

a)

40%

b)

50%

c)

60%

d)

70%

28.

Why are oil and gas such valuable natural resources?

a)

It is easy to replace oil and gas after they have been used

b)

large deposits of oil and gas are found in most countries

c)

Industrial countries depend on oil and gas as their energy supply

d)

Oil and gas are the only resources of energy used around the world

29.

How has Israel's lack of oil affected their country's economy?

a)

Their country is built around large-scale farming

b)

Their country has little industry due to their lack of oil

c)

Their economy depends on technology more than oil

d)

Their country use little oil to operate

30.

What was Turkey able to create from the dams of its rivers?

a)

underground tunnels

b)

Irrigation system

c)

hydroelectricity

d)

quants

31.

Which SWAME country's entrepreneurship is rich/healthy in fields like technology, science, venture capitalism, sports, entertainment, and beauty?

a)

Syria

b)

Israel

c)

Turkey

d)

Saudi Arabia

32.

Which two factors are used to influence economic growth within a country?

a)

Capital Goods and Industry

b)

Farming and Human Capital

c)

Human Capital and Capital Goods

d)

Investments and Banking