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- 1. Multiple Choice
What happened to the oil rich nations of the Middle East after WW2?
They reduced the cost of oil prices in order to establish market economies quickly
They struggled to keep up with the demand from developed countries
They reduced the shipping times from the Middle East to the West
They became independent nations
- 2. Multiple Choice
Which country closed the Suez Canal?
Iran
Egypt
India
Syria
- 3. Multiple Choice
Why was the Suez Canal important?
It was the major sea route for oil trade from the Middle East to the West
It added shipping time for oil going to Europe
It provided Israel with weapons
It wasn't important, it had little to no effect on the Western Economy
- 4. Multiple Choice
When was OPEC formed?
1918
1957
1960
1973
- 5. Multiple Choice
What is the purpose of OPEC?
To ensure the west receive well priced oil
To ensure WW3 does not break out in the Middle East
To control the price and supply of the worlds oil
To ensure that each country can produce and sell oil at a price they desire
- 6. Multiple Choice
Which of the following countries attacked Israel during the Yon Kippur war, select all that apply:
Syria
Egypt
USA
Mexico
- 7. Multiple Choice
Which two events proved that Middle Eastern nations could threaten the world’s oil supply?
the OPEC oil embargo in 1973
the discovery of an oil reserve in Iran in 1911
the closing of the Suez Canal by Egypt in 1956
the founding of the first commercial oil rig in Poland in 1853
the discovery of an oil reserve in Iraq in 1914
- 8. Multiple Choice
Why have some countries in the Middle East become economically powerful?
They have the greatest oil reserves.
The region has the greatest coal reserves.
They are the greatest exporters of automobiles.
The countries are self-sufficient.
- 9. Multiple Choice
What was the main objective of the oil-rich countries of the Middle East after they became independent nations?
to protect their resources and maximize their profit from the oil trade
to export oil at the cheapest rate to maximize their profits in imports
to protect their resources by ending the exportation of oil
to export oil only to Middle Eastern countries
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