Unit 3Unit 3

Review GameReview Game

In parts of some countries social roles and culture decide what In parts of some countries social roles and culture decide what is produced. Which term identifies thisis produced. Which term identifies thistype of economic system?type of economic system?

A. Traditional A. Traditional B. B. MarketMarket C. CommandC. Command

D. PublicD. Public

A. TraditionalA. Traditional

In what kind of economic system does the government own the In what kind of economic system does the government own the

resources and control economic activity?resources and control economic activity?

A. Traditional A. Traditional B. MarketB. MarketC. CommandC. Command

D. Mixed D. Mixed

C. CommandC. Command

In a market economy, what or who determines what to In a market economy, what or who determines what to

produce? How to produce? For whom to produce?produce? How to produce? For whom to produce?

A. Farmers A. Farmers B. Social roles and B. Social roles and cultureculture

C. GovernmentC. Government D. Business D. Business owners owners

D. Business owners D. Business owners

Why do most countries have a mixed economy and not a Why do most countries have a mixed economy and not a

pure market or pure command economy?pure market or pure command economy? A) In most economic systems both government and A) In most economic systems both government and

citizens play an important role in the economy.citizens play an important role in the economy. B) In a pure command economic system the people enjoy B) In a pure command economic system the people enjoy

capitalism and free enterprise.capitalism and free enterprise. C) In a pure market economic system the government C) In a pure market economic system the government

makes every decision about production.makes every decision about production. D) All countries in the world operate on a traditional D) All countries in the world operate on a traditional

economic system.economic system.

A) In most economic systems both government and A) In most economic systems both government and citizens play an important role in the economy.citizens play an important role in the economy.

CIA.gov describes Israel’s economy this way: CIA.gov describes Israel’s economy this way: Israel has a technologically advanced market economy Israel has a technologically advanced market economy with plenty, though decreasing, government control. with plenty, though decreasing, government control. They have created strong foreign investment, tax They have created strong foreign investment, tax revenues, and private consumption in recent years, revenues, and private consumption in recent years, setting the economy on a solid growth path. setting the economy on a solid growth path.

Where would Israel fall on the mixed economy Where would Israel fall on the mixed economy continuum?continuum?

A. about in the middleA. about in the middle B. more toward a command economyB. more toward a command economy C. more toward a market economyC. more toward a market economy

C. more toward a market economyC. more toward a market economy

CIA.gov describes Saudi Arabia’s economy this way: CIA.gov describes Saudi Arabia’s economy this way: Saudi Arabia has an oil-based economy with strong Saudi Arabia has an oil-based economy with strong government controls over major economic activities.government controls over major economic activities.About 40% of GDP comes from the private sector.About 40% of GDP comes from the private sector.

Where would Saudi Arabia fall on the mixed Where would Saudi Arabia fall on the mixed economy continuum?economy continuum?

A. about in the middleA. about in the middle B. more toward a command economyB. more toward a command economy C. more toward a market economyC. more toward a market economy

B. more toward a command economyB. more toward a command economy

CIA.gov describes Turkey’s economy this way:CIA.gov describes Turkey’s economy this way:Turkey's dynamic economy is a complex mix of modern Turkey's dynamic economy is a complex mix of modern industry and commerce along with a traditional industry and commerce along with a traditional agriculture sector.agriculture sector.It has a strong and rapidly growing private sector, yet It has a strong and rapidly growing private sector, yet the state still plays a major role in basic industry, the state still plays a major role in basic industry, banking, transport, and communication.banking, transport, and communication.

Where would Turkey fall on the mixed economy Where would Turkey fall on the mixed economy continuum?continuum?

A. about in the middleA. about in the middle B. more toward a command economyB. more toward a command economy C. more toward a market economyC. more toward a market economy

A. about in the middleA. about in the middle

Turkish businessman Aydin Dogan owns oil and gas Turkish businessman Aydin Dogan owns oil and gas manufacturing, as well as television networks and manufacturing, as well as television networks and newspapers in Turkey. Such an individual is known as a(n)newspapers in Turkey. Such an individual is known as a(n)

A. Muslim A. Muslim B. EntrepreneurB. Entrepreneur C. Financial advisorC. Financial advisor D. Political leader D. Political leader

B. EntrepreneurB. Entrepreneur

In which Middle Eastern country are you LESS likely to find In which Middle Eastern country are you LESS likely to find entrepreneurs based on the country’s economic system?entrepreneurs based on the country’s economic system?

A. IsraelA. Israel B. United StatesB. United StatesC. Saudi ArabiaC. Saudi Arabia D. D.

TurkeyTurkey

C. Saudi ArabiaC. Saudi Arabia

Which statement is true about the Organization of Which statement is true about the Organization of

Petroleum Exporting Countries (OPEC)?Petroleum Exporting Countries (OPEC)?

A) OPEC’s mission is to control the supply and price A) OPEC’s mission is to control the supply and price of oil.of oil.

B) Not all Middle Eastern countries are members of B) Not all Middle Eastern countries are members of OPEC.OPEC.

C) Some members of OPEC are NOT Middle Eastern C) Some members of OPEC are NOT Middle Eastern countries.countries.

D) All of the above are true.D) All of the above are true.

D) All of the above are true.D) All of the above are true.

What effect does the presence of oil have on a country’s What effect does the presence of oil have on a country’s

gross domestic product (GDP)?gross domestic product (GDP)?

A) Countries with high oil production have a higher A) Countries with high oil production have a higher GDP.GDP.

B) Countries with high oil production have a lower B) Countries with high oil production have a lower GDP.GDP.

C) Countries with high oil production have about the C) Countries with high oil production have about the same GDP as those who don’t.same GDP as those who don’t.

A) Countries with high oil production have a higher A) Countries with high oil production have a higher GDP.GDP.

What effect does the level of entrepreneurship have on What effect does the level of entrepreneurship have on

the standard of living in these countries?the standard of living in these countries?

A) A higher level of entrepreneurship has led to a A) A higher level of entrepreneurship has led to a higher standard of living.higher standard of living.

B) A higher level of entrepreneurship has led to a B) A higher level of entrepreneurship has led to a lower standard of living.lower standard of living.

C) A higher level of entrepreneurship has had little C) A higher level of entrepreneurship has had little impact on the standard of living.impact on the standard of living.

A) A higher level of entrepreneurship has led to a A) A higher level of entrepreneurship has led to a higher standard of living.higher standard of living.

Each day Israel produces 100 barrels of oil, however, the Each day Israel produces 100 barrels of oil, however, the country consumes 249,500 barrels a day. What must Israel do country consumes 249,500 barrels a day. What must Israel do to meet its demand for oil?to meet its demand for oil?

A. export oil to countries like Saudi Arabia and IranA. export oil to countries like Saudi Arabia and Iran

B. import oil from foreign countriesB. import oil from foreign countries C. produce more oilC. produce more oil D. wait for petroleum deposits to formD. wait for petroleum deposits to form

B. import oil from foreign countriesB. import oil from foreign countries

Resources are unevenly distributed in the Middle East, Resources are unevenly distributed in the Middle East, including oil. Which statement is TRUE about the distribution of including oil. Which statement is TRUE about the distribution of oil?oil?

A) It has made some countries wealthy while many A) It has made some countries wealthy while many others, without oil, have struggling economies.others, without oil, have struggling economies.

B) The uneven distribution of oil has caused conflict B) The uneven distribution of oil has caused conflict at times in the Middle East.at times in the Middle East.

C) It has created a strong sense of unity among C) It has created a strong sense of unity among Middle Eastern countries, and they share their Middle Eastern countries, and they share their profits equally.profits equally.

D) Both A and B are true statements.D) Both A and B are true statements.

D) Both A and B are true statements.D) Both A and B are true statements.

Which statement about Southwest Asia (Middle East) Which statement about Southwest Asia (Middle East)

today is TRUE?today is TRUE?

Arab countries without major oil deposits often have Arab countries without major oil deposits often have weak economies and a lower gross domestic product weak economies and a lower gross domestic product compared to countries that do have major oil deposits.compared to countries that do have major oil deposits.

Oil is evenly distributed throughout the Middle East, Oil is evenly distributed throughout the Middle East, therefore, each country is wealthy.therefore, each country is wealthy.

Only Saudi Arabia has oil in the Middle East and can Only Saudi Arabia has oil in the Middle East and can export to the rest of the world.export to the rest of the world.

All of the above are true. All of the above are true.

Arab countries without major oil deposits often have Arab countries without major oil deposits often have weak economies and a lower gross domestic product weak economies and a lower gross domestic product compared to countries that do have major oil deposits.compared to countries that do have major oil deposits.

Which statement BEST describes many of the Persian Which statement BEST describes many of the Persian

Gulf countries today?Gulf countries today?

A. They are overcrowded. A. They are overcrowded. B. They are agricultural centers.B. They are agricultural centers. C. They have major oil deposits.C. They have major oil deposits. D. They have plenty of fresh water.D. They have plenty of fresh water.

C. They have major oil deposits.C. They have major oil deposits.

The total value of all goods and services produced in a country The total value of all goods and services produced in a country in a given year is often a sign of the standard of living in a in a given year is often a sign of the standard of living in a country. What is this value called?country. What is this value called?

A. literacy rateA. literacy rate B. currency exchange rateB. currency exchange rate C. gross domestic productC. gross domestic product D. national debtD. national debt

C. gross domestic productC. gross domestic product

Countries that provide health care, educational opportunities, Countries that provide health care, educational opportunities, and train people to become more skilled in the workforce are and train people to become more skilled in the workforce are investing in ___________________.investing in ___________________.

A. human resourcesA. human resources B. natural resourcesB. natural resources C. capital resourcesC. capital resources D. None of theseD. None of these

A. human resourcesA. human resources

After reviewing the graph above, what can you say is the After reviewing the graph above, what can you say is the relationship between the investment in relationship between the investment in

human resources and the Gross Domestic Product (GDP) per capita human resources and the Gross Domestic Product (GDP) per capita in these three countries?in these three countries?

A lower investment in human resources has led to a higher GDP per capita.A lower investment in human resources has led to a higher GDP per capita. A higher investment in human resources has led to a higher GDP per A higher investment in human resources has led to a higher GDP per

capita.capita. A higher investment in human resources has led to a lower GDP per capita.A higher investment in human resources has led to a lower GDP per capita. None of the aboveNone of the above A higher investment in human resources has led to a higher GDP per A higher investment in human resources has led to a higher GDP per

capita.capita.

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$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

0.0% 2.0% 4.0% 6.0% 8.0%

Series1

Natural resources are not evenly distributed among countries. Natural resources are not evenly distributed among countries. Which of the following correctly shows how the Middle East is Which of the following correctly shows how the Middle East is an example of uneven distribution?an example of uneven distribution?

A. abundance of oil, but a scarcity of waterA. abundance of oil, but a scarcity of water B. abundance of coal, but a scarcity of copper B. abundance of coal, but a scarcity of copper C. abundance of natural gas, but a scarcity of oil C. abundance of natural gas, but a scarcity of oil D. abundance of water, but a scarcity of phosphatesD. abundance of water, but a scarcity of phosphates

A. abundance of oil, but a scarcity of waterA. abundance of oil, but a scarcity of water

Which statement BEST explains how specialization Which statement BEST explains how specialization

encourages trade between countries?encourages trade between countries? A. The US imports oil from the Middle East while trade A. The US imports oil from the Middle East while trade

partners there rely on the US for food and technology.partners there rely on the US for food and technology. B. Iran’s trade is restricted by other countries B. Iran’s trade is restricted by other countries

due to embargos.due to embargos. C. Israel’s trade with neighboring countries is C. Israel’s trade with neighboring countries is

limited because of tariffs on imported and exported limited because of tariffs on imported and exported goods.goods.

D. Saudi Arabia’s membership in OPEC means D. Saudi Arabia’s membership in OPEC means other countries might put trade quotas on oil exports.other countries might put trade quotas on oil exports.

A. The US imports oil from the Middle East while trade A. The US imports oil from the Middle East while trade partners there rely on the US for food and technology.partners there rely on the US for food and technology.

After Iraq invaded Kuwait in 1990, United Nations After Iraq invaded Kuwait in 1990, United Nations members cut off trade with Iraq hoping they would members cut off trade with Iraq hoping they would withdrawal from the small oil-rich country. This is called withdrawal from the small oil-rich country. This is called

_________________._________________. A. a tariffA. a tariff B. an embargoB. an embargo

C. a quotaC. a quota D. D. wishful thinkingwishful thinking

B. an embargoB. an embargo

In the early 2000s the European Union charged a fixed fee and In the early 2000s the European Union charged a fixed fee and tax on brown rice imported from the U.S. This is called tax on brown rice imported from the U.S. This is called ________________.________________.

A. a tariffA. a tariff B. an embargoB. an embargoC. a quotaC. a quota D. D.

rice-a-money rice-a-money

A. a tariffA. a tariff

Israel may put a limit on the quantity of a product imported Israel may put a limit on the quantity of a product imported from another country. This limits supply and would drive up from another country. This limits supply and would drive up the price. This would then help the Israeli companies who sell the price. This would then help the Israeli companies who sell the same or a similar product because the import would be the same or a similar product because the import would be higher priced. This is an example of _________________.higher priced. This is an example of _________________.

A. a tariffA. a tariff B. an embargoB. an embargoC. a quotaC. a quota D. D.

free trade free trade

C. a quotaC. a quota

Why must a nation that trades with another country use Why must a nation that trades with another country use

a system for exchanging currencies?a system for exchanging currencies?

A. To determine the value of one nation’s currency A. To determine the value of one nation’s currency when compared with another country.when compared with another country.

B. To be able to see which country has more B. To be able to see which country has more money.money.

C. Countries today only barter (trade one good C. Countries today only barter (trade one good for another good) and do not use money.for another good) and do not use money.

D. Countries today use a global form of D. Countries today use a global form of currency called the Earth Dollar.currency called the Earth Dollar.

A. To determine the value of one nation’s currency A. To determine the value of one nation’s currency when compared with another country.when compared with another country.

How has the arid climate of the Middle East impacted the How has the arid climate of the Middle East impacted the

development of agriculture/farming?development of agriculture/farming?

A. Farming has been made easier due to an A. Farming has been made easier due to an abundance of rainfall that hits the region each abundance of rainfall that hits the region each year.year.

B. Freezing winters and cool summers keep B. Freezing winters and cool summers keep fertile soil from being blown away in sandstorms.fertile soil from being blown away in sandstorms.

C. Religious beliefs do not permit the farming of C. Religious beliefs do not permit the farming of arable (farmable) land.arable (farmable) land.

D. Farming is very difficult because the Middle D. Farming is very difficult because the Middle East receives very little rainfall.East receives very little rainfall.

D. Farming is very difficult because the Middle D. Farming is very difficult because the Middle East receives very little rainfall.East receives very little rainfall.

What effect do physical barriers such as deserts and limited What effect do physical barriers such as deserts and limited rivers have on the economies of the Middle East?rivers have on the economies of the Middle East?

A. They make the trading of goods more difficult.A. They make the trading of goods more difficult. B. No effect on the economies in the region.B. No effect on the economies in the region. C. They make the trading of goods easier.C. They make the trading of goods easier. D. None of the aboveD. None of the above

A. They make the trading of goods more difficultA. They make the trading of goods more difficult..

Where are the industrial centers of the Middle East Where are the industrial centers of the Middle East

normally located?normally located? A. Near the borders of other countries in an attempt to A. Near the borders of other countries in an attempt to

share natural resources, finished products, and energy share natural resources, finished products, and energy sourcessources B. In the middle of the desert regions to limit pollution B. In the middle of the desert regions to limit pollution

in the urban areas (cities) in the urban areas (cities) C. Near rivers or other bodies of water for shipping, C. Near rivers or other bodies of water for shipping,

hydroelectricity, and waste dumping purposeshydroelectricity, and waste dumping purposes D. In underground caverns to make use of groundwater D. In underground caverns to make use of groundwater

resourcesresources

C. Near rivers or other bodies of water for shipping, C. Near rivers or other bodies of water for shipping, hydroelectricity, and waste dumping purposeshydroelectricity, and waste dumping purposes

. . Turkey’s dams on the Euphrates initially had what Turkey’s dams on the Euphrates initially had what

effect on the neighboring country of Iraq?effect on the neighboring country of Iraq? A. led to an increase in oil exportsA. led to an increase in oil exports B. decreased available shipping routes from the B. decreased available shipping routes from the

Persian GulfPersian Gulf C. decreased the amount of travel on waterwaysC. decreased the amount of travel on waterways D. led to an unequal distribution of waterD. led to an unequal distribution of water

D. led to an unequal distribution of waterD. led to an unequal distribution of water

Which statement BEST explains how water pollution impacts Which statement BEST explains how water pollution impacts irrigation and drinking water in the Middle East?irrigation and drinking water in the Middle East?

A. Water pollution only occurs in OPEC member A. Water pollution only occurs in OPEC member nations.nations.

B. Oil spills from drilling, refineries, and B. Oil spills from drilling, refineries, and shipping leak into rivers and water supplies causing shipping leak into rivers and water supplies causing health hazards.health hazards.

C. Petroleum is an environmental friendly C. Petroleum is an environmental friendly resource and does not pollute the water.resource and does not pollute the water.

D. All of the aboveD. All of the above

B. Oil spills from drilling, refineries, and shipping leak B. Oil spills from drilling, refineries, and shipping leak into rivers and water supplies causing health hazards.into rivers and water supplies causing health hazards.

What is one way in which countries in the Middle East are What is one way in which countries in the Middle East are adjusting/adapting to the limited amount of adjusting/adapting to the limited amount of water resources available?water resources available?

A. They are using less salt in their meals and A. They are using less salt in their meals and supplementing their diet with seawater.supplementing their diet with seawater.

B. They are choosing to share water resources with B. They are choosing to share water resources with their neighbors to insure that no one is affected by their neighbors to insure that no one is affected by drought. drought.

C. They are building desalination facilities to remove C. They are building desalination facilities to remove salt from saltwater.salt from saltwater.

D. They are cloning hydrogen and oxygen particles to D. They are cloning hydrogen and oxygen particles to create more fresh water.create more fresh water.

C. They are building desalination facilities to remove C. They are building desalination facilities to remove salt from saltwater.salt from saltwater.