Which is a common role of entrepreneurs? Question 1 options: to help protect the environment to start and run a business to manage a school to grow food Question 2 (1 point) Question 2 Unsaved Why is it important to have a system for exchanging currencies between nations? Question 2 options: to encourage trade to encourage new business to protect small businesses to stop the rising cost of products Question 3 (1 point) Question 3 Unsaved The government of Saudi Arabia decides to improve the gross domestic product of the country by investing in human capital. Which action will the government MOST LIKELY take? Question 3 options: establish currency exchange policies increase trade barriers invest in educational opportunities such as free tution purchase manufacturing equipment Question 4 (1 point) Question 4 Unsaved Israel has a mixed market economy, this means they have small businesses opened and run by the citizens as well as government run businesses and regulations. Question 4 options: True False Question 5 (1 point) Question 5 Unsaved Israel improves their country economy and gross domestic product through Question 5 options: harvesting and selling oil selling surplus water their advancements in farming and high tech equipment building weapons Question 6 (1 point) Question 6 Unsaved An embargo means that I am trading only a few goods and service with a country that I have a conflict with. Question 6 options: True False Question 7 (1 point) Question 7 Unsaved Unemployment is high in Iran among young men due to their lack of skills. What could be one cause for this problem? Question 7 options: lack of investment in human capital lack of investment in machinery high investment in the military lack of natural resources Question 8 (1 point) Question 8 Unsaved The discovery of this non-renewable resource moved Saudi Arabia’s economy from traditional to command to now a mixed market. What is this resource? Hint- It is exported out of Saudi Arabia to the rest of the world! Question 8 options: fresh water salt oil wood Question 9 (1 point) Question 9 Unsaved Specialization encourages trade between countries and allows one country to produce a good or service efficiently. Question 9 options: True False Question 10 (1 point) Question 10 Unsaved The purpose of OPEC, the Organization of Petroleum Exporting Countries, is to Question 10 options: stabilize the price of oil and ensure a regular supply of oil to other countries manage the oil production and pricing in the Middle East only regulate the regulations of oil production in the Middle East stabilize the agriculture industry around the world
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