Why does trade between countries require a process for exchanging different currencies? (1 point)
O A Because most countries have their own forms of money.
B Because those buying goods on the international market only accept gold and silver.
O C Because the Euro is accepted in all Southwest Asian countries.
• 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)
• A Gas prices may increase due to a rise in price of crude oil.
• B Pharmaceutical exports dip as a result of increased tensions.
• 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)
• A There is no 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.
D There is a strongly correlated relationship between a low literacy rate and high income.
B There is a direct relationship between literacy rate and average income.
Because Israel has few natural resources of its own, Israel must sustain it's economy via trade. What has Israel pivoted to in an effort to grow the economy?
(1 point)
• A. Investment in farming Exports
• B. Investment in oil Exports
• C. Investment in high-tech entrepreneurship
• D. Investment in fishing exports
C. Investment in high-tech entrepreneurship
The country of Saudi Arabia has invested heavily in improving its human capital and its capital goods. Which is a likely result of this increased investment?
(1 point)
• A trade decreases
• B standard of living goes down
• C Gross Domestic Product (GDP) rises
• D Gross Domestic Product (GDP) falls