Unit 5 Economic Review

What is a major goal of OPEC?

How has money from oil improved the lives of people?

Which term describes when country does not have to pay taxes to sell in another country?

Why does the US protect the flow of oil around the world?

All of the following factors contribute to the Human Development Index except

What gives the USA an advantage over other countries in attracting jobs?

Which of these countries leads the world in oil consumption?

How is oil distributed among the countries of SW/Central Asia?

What type of information is shown on cartograms?

Which of the following is a renewable resource?

What is the first thing you should do when you are trying to “read” or “analyze” this type of map?

What is true of developing countries?

What is the main cause of hunger around the world?

Which term best describes a country with a high per capita GDP?

Which country is a major center of sneaker design?

Which term describes when one country relies on another to run businesses

Which term describes a business that has operations all over the world?

Which is calculated by dividing a country's total GDP by it's population?

Which term means the total value of goods and services a country produces in a year?

Which resource is abundant in SW and Central Asia?

Which term means the development of global or worldwide, society?

Why is oil considered a nonrenewable resource?

If Kuwait and Saudi Arabia both have high GPD's because of selling oil, why is Kuwait's per capita GDP higher?

If a country spends money from oil on education and healthcare, what will they have?

Which terms describes hiring someone outside the company that could be done inside the company?

Which of the following is an example of a comparative advantage?

What comparative advantage does India have over other countries to attract jobs from the USA?