OPEC and Natural Resources

What is the major natural resource in the region discussed in the lesson?

• Gold

• Water

• Oil

• Coal

What does OPEC stand for?

• Organization of Petroleum Exporting Countries

• Organization of Pacific Energy Cooperation

• Organization of Petroleum Energy Countries

• Organization of Petroleum Economic Countries

What is one of the roles of OPEC mentioned in the lesson?

• OPEC provides military support to its members.

• OPEC sets the price and production of oil.

• OPEC regulates global water distribution.

• OPEC focuses on renewable energy sources.

Which of the following countries is known for having a significant amount of oil reserves?

• Israel

• Turkey

• Saudi Arabia

• Lebanon

Which of the following countries has very little oil?

• Iran

• Kuwait

• Qatar

• Jordan

Identify a country from the Middle East that is not listed as having significant oil reserves.

• UAE

• Libya

• Syria

• Iraq

What have some countries used oil money to build?

• Military bases

• Space stations

• Infrastructure such as schools, telecommunication systems, and hotels

• Theme parks

Why does oil make it difficult for countries to plan for the future?

• Because oil is not valuable

• Because oil reserves are unlimited

• Because oil prices are stable

• Because oil prices fluctuate on the world market

What is one positive aspect of oil mentioned in the learning material?

• Oil prices are stable

• Oil is a renewable resource

• Oil is valuable

• Oil increases unemployment

According to the learning material, what is one way oil money is used?

• To decrease the GDP per capita

• To build infrastructure

• To subsidize food prices

• To fund space exploration