A person who had to leave their home as a result of war

What are natural resources?

The raw materials a country has like oil and natural gas

Why was OPEC created?

To regulate supply and price of oil

Which of the following countries helped formed OPEC?

Kuwait, Iraq, Saudi Arabia, Iran, and Venezuela

How did the Arabs feel about the creation of Israel?

They rejected it as unfair to them and refused to accept it

Why did the United States go to war with Iraq in 2003?

The U.S. saw Saddam Hussein as a threat to peace

How has the Saudi King used the profits from oil to help other areas of his kingdom?

Oil profits have paid for modern technology and services

One of Iran’s biggest problems with their state – run oil industry is what?

Inefficiency and poor organization by the government

A tax placed on goods coming into one country from another

What is human capital?

Knowledge and skills given to workers to increase production

What is gross domestic product?

Total value of all goods and services produced by a country

International trade is made easier by what?

A system to exchange currency between countries

Why did the United States bomb and invade Afghanistan in 2001?

The U.S. believed Afghanistan was hiding Al-Qaeda after 9/11

What are capital goods?

The factories and machines used to make goods

How have Israelis made up for their lack of natural resources?

They have developed advanced technology

A group of radical Muslims that terrorize Afghanistan

What led to the end of the Ottoman Empire at the end of WWI?

The Ottomans were on the losing side of the war

Which of the following would be a problem in command economies?

Individuals trying to start a business

Why are most economies today mixed economies?

Most countries have aspects of all three economies

What is a trade barrier?

Anything that slows down or prevents trade

The belief that Jews deserved to return to their homeland

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SWA Economy and History Review #2 KF

40 termsStudBud Administration35 plays

Quiz over general economics and history of Southwest Asia intended for use in a 7th grade Social Studies course.

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Questions 40

Answers

1
Saddam Hussein was the leader of what country?
Iraq
Al-Qaeda
Iran
Saudi Arabia
2
What country was created from the remnants of the Ottoman Empire?
Israel
Iraq
Syria
Turkey
3
What is a refugee?
A person who willingly chooses to travel to another country
A person who had to leave their home as a result of war
A person who opens their home to others during war
Some killed during war
4
What are natural resources?
The finished products a country exports
The finished products a country imports
The lack of raw materials within a country
The raw materials a country has like oil and natural gas
5
Why was OPEC created?
Design ships to carry oil
To sell oil
To buy oil
To regulate supply and price of oil
6
Someone who is willing to take a risk to begin a new business is called a..?
Producer
Entrepreneur
Embargo
Consumer
7
Which of the following countries helped formed OPEC?
Kuwait, Iraq, Saudi Arabia, Iran, and Venezuela
Kuwait, Iraq, Saudi Arabia, Venezuela, and Canada
Kuwait, Iraq, Saudi Arabia, Iran and England
Kuwait United States, Saudi Arabia, Venezuela, and Iran
8
Saudi Arabia heavily controls what industry?
Coal
Technology
Oil
Water
9
What is literacy rate?
A countries GDP level
The ability to read and write
The measure of human capital within a country
The measure of capital goods within a country
10
How did the Arabs feel about the creation of Israel?
They rejected it as unfair to them and refused to accept it
They were not affected by it
The supported in fully
They rejected it, but agreed to work it out peacefully
11
Why did the United States go to war with Iraq in 2003?
The U.S. saw Saddam Hussein as a threat to peace
Iraq invaded Kuwait in 2003
Iraq was threatening Afghanistan
They were hiding weapons of mass destruction
12
What happens to the price of oil when OPEC uses trade barriers?
Price rises
Prices stay the same
Price drops
Countries get mad
13
How has the Saudi King used the profits from oil to help other areas of his kingdom?
King keeps all the money to himself
Oil profits have paid for modern technology and services
Money is distributed directly to all Saudi citizens
Saudi Arabia doesn't make any profits from oil
14
One of Iran’s biggest problems with their state – run oil industry is what?
Iran doesn't have enough workers
Inefficiency and poor organization by the government
Nobody wants to by oil anymore on the world market
Very few oil deposits remain today in Iran
15
What terrorist organization carried out the September 11, 2001 attack on the U.S.?
Taliban
Al-Qaeda
ISIS
Muslims
16
The economies of Israel, Saudi Arabia, Turkey and Iran could be best described as...?
Market
Command
Mixed
Traditional
17
When a country decides not to trade with another for political or economic reasons is a what?
Tariff
Embargo
Quota
Service
18
What is a tariff?
A tax placed on goods coming into one country from another
A tax on gold
A tax on students who don't do their homework
A tax on ships that import goods
19
Who took control of much of the Ottoman Empire's territory after WWI?
China
Russia
Various European nations
The United States
20
Which Southwest Asian country usually has the lowest economic freedom score?
Turkey
Iran
Saudi Arabia
Israel
21
What is a quota?
A tax on goods
A limit on goods
A limit on how many countries you can trade with
A limit on the amount of money you can spend on trade
22
What is human capital?
The number of representatives elected to office
Knowledge and skills given to workers to increase production
Investing in factories, machines and technology
The total population in a country
23
Why did the Persian Gulf War start?
Iraq invaded Afghanistan
Osama Bin Laden overthrew the Iraqi government
Iraq invaded Kuwait
Al-Qaeda attacked the United States on 9/11
24
What event created more sympathy for the Jews and support for Zionism?
Fall of the Ottoman Empire
Persian Gulf War
Holocaust
Creation of Israel
25
What is gross domestic product?
Total percentage of literacy rate within a country
The measure of human capital within a country
Total value of all goods and services produced by a country
Total value of goods produced all over the world
26
Who decides in a command economy?
Traditions
Customs
Government
Consumers
27
International trade is made easier by what?
Trading only with countries that have the same currency
Use of worldwide currency
A leprechaun who helps countries get along
A system to exchange currency between countries
28
Why did the United States bomb and invade Afghanistan in 2001?
The U.S. believed Afghanistan was hiding Al-Qaeda after 9/11
The U.S. wanted to put a stop to the nuclear weapons program
The United Nations asked the U.S. to get rid of the Taliban
Afghanistan had invaded Kuwait
29
What are capital goods?
The goods produced by a country
The factories and machines used to make goods
The people that program the machines
The people that own factories
30
How have Israelis made up for their lack of natural resources?
The invest heavily in mining
Most of the population works in agriculture
They sell their oil supplies
They have developed advanced technology
31
Who are the Taliban?
The government of Iraq
The government of Kuwait
A group of radical Muslims that terrorize Afghanistan
A group of people who call for peace in the Middle East
32
In a market economy, who makes the decisions?
Consumers
Government
Voting
Traditions
33
What led to the end of the Ottoman Empire at the end of WWI?
The people in the Empire were dying of starvation
The Empire went bankrupt
The Empire switched from being in Star Wars to Star Trek
The Ottomans were on the losing side of the war
34
Which of the following would be a problem in command economies?
Individuals trying to start a business
Traditions and habits overrule government choices
Consumers decide everything
Command economies usually don't have any problems
35
Israel has invested heavily in capital goods in all of the following areas EXCEPT
Oil
Defense
Communication
Farming and Agriculture
36
Why are most economies today mixed economies?
Mixed economies are unsuccessful
Most countries have aspects of all three economies
Most economies are actually market economies
Most economies are actually command not mixed
37
What is a trade barrier?
Anything that slows down or prevents trade
When a physical feature prevents countries from trading
An embargo placed on another country
When a country has no resources to trade
38
Producing goods a country can make efficiently to trade them for goods made by others is what?
Specialization
Capital Goods
Producing
Human Capital
39
In a traditional economy money is not often used to pay for goods, what is used instead?
Resources are just passed down from generation to generation
Bartering or trading
Government controls deals
Currency
40
What is Zionism?
The belief that Jews deserved to return to their homeland
The plan to create Palestine for the Arabs
The plan to split land between Jews and Arabs
The belief in freedom of religion

SWA Economy and History Review #2 KF Flashcards | StudBud