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Economies of the Middle East (SOAR) article Flashcards | StudBud
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Economies of the Middle East (SOAR) article
Economies of the Middle East (SOAR) article
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Questions
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Answers
1
Even without many natural resources, Israel’s GDP...
has been growing steadily because it invests in capital goods
has been growing steadily because the government controls all exports
has been growing steadily because it invests in human capital
has been growing steadily because it encourages entrepreneurship
2
Saudi Arabia's absolute monarchy controls the oil industry through one government-run oil company called __
Saudi Aramco
Saudi Americo
Audi Sorento
Saudi Samco
3
Many Southwest Asian nations get most of their wealth from __.
technology
agriculture
oil exports
service industries
4
Iran is increasing its investment in __ by improving literacy, building new schools, and expanding public college
infrastructure
capital goods
entrepreneurship
human capital
5
Saudi Arabia is also trying to encourage economic growth by investing in other industries. This is __
specialization
diversification
6
__'s economy is the most developed and diversified in Southwest Asia.
Saudi Arabia
Iran
Turkey
Israel
7
Israel also has a modern, well-developed __ and invests in services like mass transit and new highways.
influencing
infrastructure
infatuation
infestation
8
Foreign companies and banks are investing less in Iran because they disagree with Iran’s ...
religious beliefs
strict government policies
infrastructure problems
educational curriculum
9
Aware that its education structure needs improvement, Saudi Arabia has invested in human capital by ___
sending university students to other countries to become educated
limiting education for girls over the age of 13
creating more desalination plants
building more roads and setting up better telecommunication systems
10
The Israeli government works alongside private companies to make sure...
workers are all paid the same wages
regulations are enforced
all prices are controlled and the same
private businesses are protected
11
Turkey’s major industries include...
machinery
textiles (cloth goods)
automobiles
agriculture
12
Recent __ in Turkey has discouraged foreign investment in Turkish businesses.
earthquakes
political instability
drought
civil war
13
Iran’s economy has transitioned from command to mixed. Close to __% of the economy is still centrally planned.
25%
60%
90%
45%
14
Major industries in Israel include...
high-tech equipment
pharmaceuticals
diamonds
mining
15
Other nations, like __ and __, are not rich in oil, so they must export other products.
Saudi Arabia
Israel
Turkey
Iran