Unit 3 Formative Assessment 1

Turkey built a dam on the Euphrates River. The water supply became unequal in distribution for Iraq.

A Higher literacy rate decreases a country's standard of living.

Saudi Arabia's GDP is dependent on oil production.

In a ____________ economy, goods and services are exchanged through a barter system.

In a ___________ economy, the resources are owned by the government.

The Middle East has the greatest number of nations belonging to OPEC.

People that use cultural and religious beliefs to decide what goods they will produce belong to a _____________ economy.

Which country is located on the command/left side of the economic continuum?

Supply and demand determine __________ in a market economy.

__________'s economy is based on oil.