SS7E6 Review

Saudi Arabia’s literacy rate has grown from 49% in 1980 to 79% in 2010. This may indicate that investments have been made in which category?

• Natural resources

• Entrepreneurship

• Capital

• Human Capital

What is human capital ?

• skills and education workers have

• taxes collected from a country's workers

• money paid to workers for producing goods

• the amount of goods sold in foreign trade in a year

The level of wealth and material comfort available in a country is called:

• Gross Domestic Product

• Literacy rate

• Standard of living

• Human capital

Raw materials from the earth are called:

• Gross National Product

• Natural resources

• Human capital

• Capital goods

Skills, knowledge, and education of workers are:

• Literacy rate

• Gross Domestic Product

• Capital Goods

• Human Capital

Factories, machinery, and technology are

• Capital Goods

• Human Goods

• Natural resources

• Gross Domestic Product

What is known as the act of putting money, effort, time, etc. into something  to make a profit or get an advantage?

• Banking

• Income

• Capital Goods

• Investments

Who are creative, original thinkers who are willing to take risks to create new businesses?

• Entrepreneurs

• Investors

• Human Capital

• Bankers

The factories, machines, and technology that people use to make other goods are known as what?

• Productions Equipments

• Gross Domestic Product

• Capital Goods

• Human Goods

Why have the Israelis made a big investment in human capital?

• They have to bring workers in from other countries

• Investing in human capital takes very little money

• They need well-trained workers because of their advanced technology

• Their main industry is oil.