Question

A)
Read the Passage.
When Southwest Asian countries focus on making what they are best suited to produce, each country has an abundance of their
specific products. Throughout history, civilizations have exchanged goods with other groups according to their resources.
What BEST describes this paragraph?
(1 point)
Specialization encourages trade between countries.
Economic instability is a result of focused production.
Geography determines the natural resources of a region.
Neighboring civilizations share religious ideas and cultures.

Question 2
Question 3
A) Which term means each country makes what they are best suited to produce? (1 point)
Acculturation
Specialization
Trade sanctions
Political control
A) Which countries are part of OPEC? (1 point)
Oil-producing countries
Oil-consuming countries
All Southwest Asian countries
Countries in the United Nation

Question 4
Question 5
A) Which type of trade barrier is most likely to disrupt supply chains? (1 point)
embargo
subsidy
quota
tariff
A)
Israel supports its domestic agriculture sector by limiting the amount of foreign fruit coming into the country.
What type of trade barrier is this?
(1 point)
embargo
quota
subsidy
tariff

Question 6
Question 7
A) Which of the following does not affect currency values and exchange rates? (1 point)
Interest rates
Political events
Regional geography
Economic conditions
A) What is the primary function of OPEC? (1 point)
To increase oil supply for producers and consumers
To encourage policies for renewable energy resources
To limit investment from countries outside of the oil industry
To maintain stable supply and pricing for the global oil market

Question 8
A) What is the effect of OPEC influencing the supply and demand of oil and petroleum? (1 point)
Preventing extreme price fluctuations
Changing trade terms with foreign oil companies
Destabilizing oil prices for oil consuming countries
Shifting away from reliance on oil toward solar power

Question 9
A)
Why do the exchange rates in Southwest Asia vary widely?
(1 point)
Because all countries produce the same natural resources
Because the region only trades with Europe
Because all countries in the region use the same type of government
Because of the region’s diverse countries and economies
Question 10
A) Why are exchange rates important for international trade? (1 point)
They determine how many goods are produced.
They help convert one country’s currency into another.
They eliminate tariffs.
They stop inflation

Answer 1

1) Specialization encourages trade between countries.

2) Specialization

3) Oil-producing countries

4) Embargo

5) Quota

6) Regional geography

7) To maintain stable supply and pricing for the global oil market

8) Preventing extreme price fluctuations

9) Because of the region’s diverse countries and economies

10) They help convert one country’s currency into another