Southwest Asia Economics

Southwest Asia Economics

Assessment

Flashcard

Social Studies

7th Grade

Hard

Created by

Wayground Content

FREE Resource

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32 questions

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1.

FLASHCARD QUESTION

Front

Specialization encourages trade between countries and allows one country to produce a good or service efficiently. True or False?

Back

True

2.

FLASHCARD QUESTION

Front

The discovery of this non-renewable resource moved Saudi Arabia's economy from traditional to command to now a mixed market. What is this resource? Hint- It is exported out of Saudi Arabia to the rest of the world!

Back

oil

3.

FLASHCARD QUESTION

Front

What could be one cause for high unemployment among young men in Iran due to their lack of skills?

Back

lack of investment in human capital

4.

FLASHCARD QUESTION

Front

An embargo means that I am trading only a few goods and service with a country that I have a conflict with.

Back

False

5.

FLASHCARD QUESTION

Front

Israel has a mixed market economy, this means they have small businesses opened and run by the citizens as well as government run businesses and regulations.

Back

True

6.

FLASHCARD QUESTION

Front

The government of Saudi Arabia decides to improve the gross domestic product of the country by investing in human capital. Which action will the government MOST LIKELY take? Options: establish currency exchange policies, increase trade barriers, invest in educational opportunities such as free tuition, purchase manufacturing equipment

Back

invest in educational opportunities such as free tuition

7.

FLASHCARD QUESTION

Front

Why is it important to have a system for exchanging currencies between nations?

Back

to encourage trade

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