- 1. Which nation?s economy focuses on technology?
A) Saudi Arabia
B) Israel
C) Turkey
- 2. Which nation has been dependent on oil but is trying to be more diverse?
A) Turkey
B) Saudi Arabia
C) Israel
- 3. Saudi Arabia refused to trade any goods with Israel after the 6-Day?s War. This is an example of
A) Tariff
B) Embargo
C) Quota
- 4. The US places a tax of 3% on cloth imported from Turkey. This is an example of
A) Embargo
B) Quota
C) Tariff
- 5. Israel only allows 100 tons of olives to be imported from Lebanon. This is an example of
A) Tariff
B) Quota
C) Embargo
- 6. What type of economy does Israel have?
A) Mixed
B) Command
C) Market
- 7. What type of economy does Saudi Arabia have?
A) Command
B) Market
C) Mixed
- 8. What type of economy does Turkey have?
A) Market
B) Mixed
C) Command
- 9. What is the relationship between GDP and literacy rate?
A) As literacy rate goes down, GDP goes up
B) As literacy rate goes up, GDP goes up
C) As literacy rate goes up, GDP goes down
- 10. What is the relationship between investing in capital goods (like factories) and GDP?
A) More investment in capital goods leads to lower GDP
B) Less investment in capital goods leads to higher GDP
C) More investment in capital goods leads to higher GDP
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