Middle East Economies Review

What is Saudi Arabia’s poverty rate?

Which of the following countries has the highest unemployment rate?

International currencies are often converted to what to make international trade easier?

Which of the following IS NOT a trade barrier?

Higher literacy rates general result in better standards of living for citizens.

A set number of goods that can be imported

Which of the following IS NOT one of Turkey’s major natural resources?

Producing the one thing you are best at is called

True or false: Israel has lots of natural resources.

An economy in which producers and consumers make all decisions

Which is not one of the 3 questions every country must ask when establishing its economic plan?

Which of these four countries has the highest GDP?

Currency exchange tells a country the ___ of their currency compared to that of another country

Specialization promotes int'l trade because no country can produce everything it needs

In which economic system would it be easiest to become an entrepreneur?

What kind of economic system does Israel, Saudi Arabia, and Turkey have?

Education, Training, and Healthcare are all examples of:

Which of the following is intended to punish another country?

An economic exchange in which all sides agree to participate for mutual benefit:

Improving capital goods can ______________________ a country’s GDP

Why did OPEC create an embargo in the 1970s?

The value of all goods/services produced in a country in a single year is called

Who determines exchange rates between different types of currencies?

What resource is the foundation of Saudi Arabia’s economy?

What does GDP measure?

An economy in which the government makes all decisions:

The US Dollar, the Saudi Riyal, the Euro, and the British Pound are all examples of what?

Which of the following IS NOT an economic struggle of Israel?

True or False: Saudi Arabia often trades their main natural resources for food and fresh water.

3.75 Saudi Riyal equal ______ US dollars

A tax placed on an imported good

The factories, machines, and technology businesses need to operate are called:

Not allowing trade with a country