WorksheetsSS7E4 Economic Systems
Total questions: 20
Worksheet time: 10mins
Name
Class
Date
1.
This map is depicting which international economic organization?
a)
NAFTA
b)
OPEC
c)
United Nation
2.
Turkey doesn't have a lot of oil, so they must invest
a)
agriculture
b)
education
c)
textiles
d)
all of the above
3.
Which two countries in the Middle East are the most democratic?
a)
Saudi Arabia
b)
Turkey and Saudi Arabia
c)
Turkey and Israel
d)
Iran and Saudi Arabia
4.
Which economic system is controlled by the government?
a)
Tradition
b)
Market
c)
Command
d)
Mixed
5.
Which country has the highest amount of government regulation and control of the economy?
a)
The country at Letter A
b)
The country at Letter B
c)
The country at Letter C
d)
All of the above
6.
Which country is the most market-leaning of the three countries?
a)
The country at Letter A
b)
The country at Letter B
c)
The country at Letter C
d)
All of the above
7.
Which country was a parliamentary democracy but now is a presidential democracy?
a)
The country at Letter A
b)
The country at Letter B
c)
The country at Letter C
d)
None of the above
8.
What does OPEC stand for?
a)
Organization of Petroleum Excelling Countires
b)
Organization of Petroleum Exporting Countries
c)
Oil, Petroleum and Excellent Countries
9.
Which country is being described by the statements below?
a)
Israel
b)
Saudi Arabia
c)
Turkey
d)
None of the above
10.
Which country is being described by the statements below?
a)
Israel
b)
Saudi Arabia
c)
Turkey
d)
None of the above
11.
Which country is being described by the statements below?
a)
Israel
b)
Saudi Arabia
c)
Turkey
d)
None of the above
12.
Saudi Arabia's economy can best be represented by which letter on the graph?
a)
Letter A
b)
Letter B
c)
Letter C
d)
None of the above
13.
Which statement accurately describes Israel, Saudi Arabia, and Turkey's economic systems?
a)
Market
b)
Command
c)
A mix of Market and Command
d)
Traditional
14.
In a traditional economy, how are economic decisions made?
a)
Government leaders
b)
Consumers
c)
A mix of government leaders and consumers
d)
Customs and traditions
15.
Based on Turkey's location on the economic continuum, it can best be described as:
a)
Pure Market
b)
Pure Command
c)
Market-leaning
d)
Command-leaning
16.
Which economic system is based on customs and traditions?
a)
Command
b)
Market
c)
Mixed
d)
Traditional
17.
Which economic system is based on no government regulation?
a)
Market
b)
Mixed
c)
Traditional
d)
Command
18.
Where are most OPEC countries located?
a)
Africa
b)
South America
c)
Southwest Asia
d)
North America
19.
Tariffs and quotas are alike because they both
a)
restrict or limit trade between countries
b)
increase trade between countries
c)
completely stop trade between countries
d)
make trading easier between countries
20.
In 1973, Southwest Asian (Middle East) countries stopped exporting oil to the United States in protest against the U.S.' support of Israel. What type of trade barrier is this?
a)
quota
b)
tariff
c)
embargo
100 %
