The document contains 10 multiple choice questions related to economics topics such as: - Types of economic systems (market, command, mixed economies) - Key economic indicators (GDP, inflation) - The role of natural resources and economic specialization in national economies - Comparisons of GDP per capita between Israel, Saudi Arabia and Turkey The questions cover foundational concepts in macroeconomics including the functions and measurements of national economies.

1. 10 Questions

2. A. the amount of money a country can
print
B. an indicator of how the stock market is
performing
C. countries with the ability to produce
natural resources
D. the way a country manages it money
and resources to produce, buy and sell
goods.

3. A. a nation’s stock market
B. a nation’s GDP (gross domestic
product)
C. a nation’s government system
D. a nation’s leader

4. A. a system where consumers and
businesses control all aspects decisions
making and the market
B. a system where government controls
all decisions made in business and
ownership
C. where customs (bartering) and habit
control the market
D. A government agency that issues
bank deposits

5. A. a system where consumers and
businesses control all aspects decisions
making and the market
B. a system where government controls
all decisions made in business and
ownership
C. A system where bartering goods,
customs, and no currency exist
D. a system that combines both market
and command economies

6.  A. Nation’s do not thrive under competition.
 B. Nation’s take the best of both economy
styles in order to have a free market but
governmental control to protect the
consumers.
 C. Nation’s expect consumers to want more
governmental control in the market.
 D. Trade barriers are kept at minimum
under mixed economic systems.

7. A. Someone who studies business in
France.
B. A business that monopolizes on a
variety of goods and services.
C. A person who risks their own
finances to start a new business.
D. A business that operates under a
command economy.

8. A. A total amount of all businesses in a
country.
B. A total of the population who
produces goods for a nation per year.
C. A total of all goods and services
produces in a nation per year.
D. A total of all the machines and
factories used to produce goods in a
year

9. A. Natural resources provide solutions
to command economies.
B. Natural resources can become
economic specializations which can be
purchased by other nations.
C. Natural resources can produce more
human capital and capital goods that
nation may lack.
D. Natural resources have very little
effect on a nation’s economy.

10. A. Israel has more economic
specializations than Saudi Arabia and
Turkey.
B. Saudi Arabia and Turkey do not sell
goods on the global market.
C. Israel’s GDP per capita is much higher
compared to that of Saudi Arabia and
Turkey.
D. Israel has a relatively lower GDP per
capita compared to Saudi Arabia and
Turkey.

11. A. It is an nations main import.
B. It is a nations main currency used for
goods produced.
C. It is all the skills and education a
workers in a nation gain to raise the
GDP.
D. It is a product that a nation produces
in large amounts that earns the nation
the most money.