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WorksheetsSS7E6 Practice Quiz: Economic Understanding SWAME
Total questions: 32
Worksheet time: 13mins
Countries characterized by widespread chronic poverty and less economic development than other nations is known as what?
Underdeveloped
Developed
Prosperous
Well-established
Which country has arable land, variety of natural resources, small oil reserves, high literacy rate?
Syria
Israel
Saudi Arabia
Turkey
Which word is measured by things such as lifestyle, income, employment opportunities, cost of goods and services?
Per Capita
Literacy
Standard of Living
Investments
What is only available for those who can afford to pay to attend?
Gross Domestic Product
Schooling
Entrepreneurship
Capital Goods
Which country is known as an exporter of oil and petroleum products, technology, high GDP, invest in human and capital goods?
Saudi Arabia
Turkey
Israel
Syria
Which word is defined as the amount of goods/services produced divided by the total population per person?
Human Capital
Per Capita
Gross Domestic Product
OPEC
Who/What set the price and supply of oil and is composed of five countries?
Investors
OPEC
OIL Makers
Literacy Raters
What is one of the most important and valuable natural resources in Southwest Asia?
Gold
Steel
Oil
Diamonds
What are raw materials a country has that make life and production of goods possible?
Human Capital
Investments
Oil
Natural Resources
What is the ability to read and write?
Human Capital
Literacy
Reading Comprehension
Understanding and annotation
Which country has high education, technology, lack natural resources, human capital, capital goods, and communication?
Syria
Turkey
Saudi Arabia
Israel
What is known as the act of putting money, effort, time, etc. into something to make a profit or get an advantage?
Banking
Income
Capital Goods
Investments
What is the knowledge and skills workers need to earn a living producing goods/services?
Human Capital
Capital Goods
Entrepreneurs
Investors
What is the total value of all final goods/services produced within a single year?
Standard of Living
Investments
Per Capita
Gross Domestic Product
What leads to a higher Gross Domestic Product (GDP)?
Schooling
Greater Profit
Investments
Per Capital
What is composed of land, labor, capitals, and entrepreneurs, and resources that are the building blocks of the eonomy?
Capital Goods
Economic Growth
Investments
Factors of Production
Who are creative, original thinkers who are willing to take risks to create new businesses?
Entrepreneurs
Investors
Human Capital
Bankers
What is the process of producing more goods for sale in a quicker and more efficient ways lead to this and greater profit called?
Gross Domestic Product
Investments
Economic Growth
Developing
Countries with low standard of living, little industrial and economic activity, and where people generally have low incomes are known as what?
Wealthy
Prosperous
Underdeveloping
Developing
The factories, machines, and technology that people use to make other goods are known as what?
Productions Equipments
Gross Domestic Product
Capital Goods
Human Goods
Another way to recognize Organization of Petroleum Exporting Countries is what?
OPEP
OPEC
OPCE
OCEP
Who has less opportunity to go to school?
Immigrant
Poor People
Boys
Girls
Why have the Israelis made a big investment in human capital?
They have to bring workers in from other countries
Investing in human capital takes very little money
They need well-trained workers because of their advanced technology
Their main industry is oil.
Why would the Saudi oil industry need a large investment in human capital?
They found it hard to make a profit in the oil industry.
The technology in the oil industry is very complicated
Most workers in the oil industry have little or no real training.
They want the machinery to replace the workers.
If a country do not invest in human capital, what would happen to their GDP?
GDP may do down
It will have very little effect.
Worker don't care about GDP
GDP only affect workers' pay
Israel has invested heavily in capital goods in all of the following EXCEPT what... Which one does not belong?
oil
defense
communication
farming and agriculture
How much of the oil used by the United States has to be imported every day?
40%
50%
60%
70%
Why are oil and gas such valuable natural resources?
It is easy to replace oil and gas after they have been used
large deposits of oil and gas are found in most countries
Industrial countries depend on oil and gas as their energy supply
Oil and gas are the only resources of energy used around the world
How has Israel's lack of oil affected their country's economy?
Their country is built around large-scale farming
Their country has little industry due to their lack of oil
Their economy depends on technology more than oil
Their country use little oil to operate
What was Turkey able to create from the dams of its rivers?
underground tunnels
Irrigation system
hydroelectricity
quants
Which SWAME country's entrepreneurship is rich/healthy in fields like technology, science, venture capitalism, sports, entertainment, and beauty?
Syria
Israel
Turkey
Saudi Arabia
Which two factors are used to influence economic growth within a country?
Capital Goods and Industry
Farming and Human Capital
Human Capital and Capital Goods
Investments and Banking
