Login or Sign Up
Menu
Ask a New Question

Which of these statements best describes a mixed economy?(1 point) Responses A. In Israel, the government plays a smaller role in the economy allowing for tech start up companies to thrive. A. In Israel, the government plays a smaller role in the economy allowing for tech start up companies to thrive. B. In Iran and Saudi Arabia, oil companies are government owned and operated. B. In Iran and Saudi Arabia, oil companies are government owned and operated. C. In remote parts of Southwest Asia, some people participate in an economy determined by custom and habit. C. In remote parts of Southwest Asia, some people participate in an economy determined by custom and habit. D. Turkey's economy was held back in the past by trade barriers in order to protect Turkish products. D. Turkey's economy was held back in the past by trade barriers in order to protect Turkish products.

A. In Israel, the government plays a smaller role in the economy allowing for tech start up companies to thrive.

Which of the following best describes the primary function of the Organization of Petroleum Exporting Countries (OPEC)?(1 point) Responses A To regulate global oil prices and ensure stable supply A To regulate global oil prices and ensure stable supply B To promote renewable energy sources and reduce fossil fuel consumption B To promote renewable energy sources and reduce fossil fuel consumption C To facilitate international cooperation on environmental conservation C To facilitate international cooperation on environmental conservation D To standardize oil extraction techniques for member countries

A To regulate global oil prices and ensure stable supply

Select the two reasons that describe why trade is essential in Saudi Arabia?(2 points) Responses A. Because Saudi Arabia is surrounded by ocean on all sides. A. Because Saudi Arabia is surrounded by ocean on all sides. B. Because Saudi Arabia specialized in oil refinery but does not grow enough of its own food. B. Because Saudi Arabia specialized in oil refinery but does not grow enough of its own food. C. Because Saudi Arabia is centrally located in the region. C. Because Saudi Arabia is centrally located in the region. D. Because Saudi Arabia is mostly desert.

B. Because Saudi Arabia specialized in oil refinery but does not grow enough of its own food.

D. Because Saudi Arabia is mostly desert.

Why does trade between countries require a process for exchanging different currencies?(1 point) Responses A Because most countries have their own forms of money. A Because most countries have their own forms of money. B Because those buying goods on the international market only accept gold and silver. B Because those buying goods on the international market only accept gold and silver. C Because the Euro is accepted in all Southwest Asian countries. C Because the Euro is accepted in all Southwest Asian countries. D This keeps currency values fixed and allows for steady economic growth. D This keeps currency values fixed and allows for steady economic growth.

A Because most countries have their own forms of money.

How MIGHT a war with a country that is a member of OPEC impact citizens living in the United States?(1 point) Responses A Gas prices may increase due to a rise in price of crude oil. A Gas prices may increase due to a rise in price of crude oil. B Pharmaceutical exports dip as a result of increased tensions. B Pharmaceutical exports dip as a result of increased tensions. C The sale of foreign cars decreases due to an increase in tariffs. C The sale of foreign cars decreases due to an increase in tariffs. D The automobile industry suffers due to a decrease in auto part exports.

A Gas prices may increase due to a rise in price of crude oil.

Which statement BEST describes the relationship between these two factors of economic development in the Middle East? (1 point) Responses A There is no relationship between literacy rate and average income. A There is no relationship between literacy rate and average income. B There is a direct relationship between literacy rate and average income. B There is a direct relationship between literacy rate and average income. C There is an inversely correlated relationship between literacy rate and average income. C There is an inversely correlated relationship between literacy rate and average income. D There is a strongly correlated relationship between a low literacy rate and high income.