What has to occur before the financial transaction between Bahrain and Yemen can be completed?

Bahrainidinars must be echanged for Yemeni rials

Why would Saudi Arabia (rich in oil) trade with a nation based in agriculture?

It allows both nations t produce their goods more cheaply

What must happen for trade to successfully occur between the United States and Israel?

A system for exchanging currency between natins is required

How is presidential democracy different than a parliamentary democracy?

the head of government is chosen directly by citzens

What effect did Saudi Arabia most like wish to happen from 2005-2010 on its economic growth?

to increase the standard of living for citizens

Which two describes how Turkish citizens participate in government in Turkey?

The citzens can vote for the memebers of the Grand Natinal assembly, Turkey is a Parliamentry Democracy where citzens vote for the legislature

Which statement best explains why a countrys government might impose a tariff or quota?

Used to encourge citizens to buy goods and services from their home country

Why does the OPEC tell member nations how much oil they may export each year?

to control the global oil supply and keep prices competitive

What role can an entrepreneur play in Israels electronics production economy

Creating new goods to compete against well known brands

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Summative Review unit 7

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Questions 15

Answers

1
A decrease in the demand of oil worldwide negatively impacts the economy of Saudia Arabia than Isreal.
False
True
2
What has to occur before the financial transaction between Bahrain and Yemen can be completed?
Both mst exchange their currencies for swiss francs
Yemen must exchange their Yemeni Rials for Bahraini dinars
Both companies must exchange their currencies for gold
Bahrainidinars must be echanged for Yemeni rials
3
Why would Saudi Arabia (rich in oil) trade with a nation based in agriculture?
Oil is so much more valuable than agriculture
To encourage the nation to develop a more industrial economy
It allows both nations t produce their goods more cheaply
The nation might agree to let Saudi Arabia get what they need
4
What must happen for trade to successfully occur between the United States and Israel?
The United Stated must agree not to trade with Saudi Arabia
All tariffs and quotas must be eliminated
A system for exchanging currency between natins is required
Countires must trade the same amount to keep international trade balanced
5
The Turkish government can increase its GDP by investing in programs to help Turkeys citizens learn new job skills
True
False
6
How is presidential democracy different than a parliamentary democracy?
The had of governement hold no executive power
The head of governement is chosen by the legislature
The head of government shares executive power with prime ministers.
the head of government is chosen directly by citzens
7
The organization of Petroleum Exporting Countries (OPEC) regulates the supply and prices of the oil exported.
True
False
8
What effect did Saudi Arabia most like wish to happen from 2005-2010 on its economic growth?
to increase the standard of living for citizens
create short term construction jobs to stimluate the economy
to diversify its economy by adding long term construction
to have more international students seeking higher education
9
Which two describes how Turkish citizens participate in government in Turkey?
The citzens can vote for the memebers of the Grand Natinal assembly
Turkey has an autocractic government
The citzens can vote for the members of the Knesset
Turkey is a Parliamentry Democracy where citzens vote for the legislature
10
Which statement best explains why a countrys government might impose a tariff or quota?
it is used as a protest against another country's actions or policies.
provides more diversity in international trade of goods and services
Used to encourge citizens to buy goods and services from their home country
Tariffs and quotas are used to the lower the prices of goods and services
11
Why does the OPEC tell member nations how much oil they may export each year?
so none of the countries make more money on oil than Suadi Arabia
to control the global oil supply and keep prices competitive
to prevent other nations from challenging Saudi Arabia leadership
to prevent prices from oil from becoming to high
12
Which form of government allows most citizens participation?
Oligarchic
Communist
Democratic
Autocratic
13
What role can an entrepreneur play in Israels electronics production economy
starting a family farm instead
Entering the civil service to avoid over crowded electronic market
Creating new goods to compete against well known brands
Entering politics, supporting stronger regulations on the market
14
Israel should develop more efficient methods to produce technological products to increase the domestic product (GDP)
False
True
15
Higher Literacy rates are associated with higher standard of living
False
True

Summative Review unit 7 Flashcards | StudBud