SW Asia Economics Study Guide

SW Asia Economics Study Guide

Assessment

Assessment

Created by

Debra Bates

History

7th Grade

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25 questions

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1.

Multiple Choice

2 mins

1 pt

As you move along the economic continuum from market to command, what happens to the amount of government involvement in the economy??

It decreases

It increases

It stays the same

2.

Multiple Choice

2 mins

1 pt

As you move along the economic continuum from market to command, what happens to the amount of economic freedom in the system?

It decreases

It increases

It stays the same

3.

Multiple Choice

2 mins

1 pt

Which Middle Eastern economy has the most free (from government control) mixed economy?

Israel

Turkey

Saudi Arabia

None of the above

4.

Multiple Choice

2 mins

1 pt

What is specialization?

Producing all goods that the country needs so that trade with other countries isn't necessary.

Trying to avoid investing in capital goods because it's too expensive

Producing goods a country can make most easily so that they can trade for goods that they can't produce locally.

Directly trading good with another country without having to use money.

5.

Multiple Choice

2 mins

1 pt

Why is specialization so valuable to international trade today?

Most countries only make one produce really well.

Specialization allows people to do a more efficient job at producing what they make best and trade for things they need.

It keeps the prices low on imported goods.

It limits the amount of agriculture a country allows.

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