Middle Eastern Oil Economics Quiz

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Questions and Answers

What event in 1990 significantly impacted Kuwait's oil fields?

  • Discovery of oil in the 1930s
  • Formation of OPEC
  • Invasion by Iraq (correct)
  • Establishment of women's voting rights

Which country granted women the right to vote in 2005?

  • Qatar
  • Oman
  • Kuwait (correct)
  • Bahrain

What factor has significantly influenced the economy of the UAE?

  • Foreign workers (correct)
  • Fishing
  • Tourism
  • Agriculture

Which of the following countries has seen a decrease in oil production since the 1990s?

<p>Bahrain (C)</p> Signup and view all the answers

How does Oman’s oil wealth compare to that of Kuwait and the UAE?

<p>It is less. (A)</p> Signup and view all the answers

What economic challenge is currently facing Yemen?

<p>Civil war and humanitarian crisis (B)</p> Signup and view all the answers

What form of governance does Qatar have?

<p>Monarchy with a powerful monarch (D)</p> Signup and view all the answers

How did the discovery of oil in the 1930s impact Kuwait?

<p>It made the country very wealthy. (A)</p> Signup and view all the answers

Flashcards

OPEC

A group of countries that work together to control the price and production of oil.

Shia Islam

A branch of Islam that believes that Muhammad's successor should be a relative of his.

Sunni Islam

A branch of Islam that believes that Muhammad's successor should be elected.

Oil Production

The process of extracting oil from the ground.

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Economic Development

The use of money earned from oil to improve a country's infrastructure, technology, and living standards.

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Foreign Labor

The reliance on foreign workers to fill jobs in a country.

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Oil Depletion

The decline of oil reserves in a country and the need to find new sources of income.

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Humanitarian Crisis

A severe shortage of food, water, and essential goods that can lead to widespread suffering and death.

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Study Notes

Oil in the Arabian Peninsula

  • Saudi Arabia shares the Arabian Peninsula with six other countries, all influenced by Islam and oil
  • Countries like Kuwait, Bahrain, Qatar, the UAE, Oman, and Yemen have monarchies and economies based on oil
  • Kuwait discovered oil in the 1930s and became wealthy, but the 1990 Persian Gulf War caused major damage
  • Kuwait's government is mostly controlled by a royal family, although 15% of citizens could vote. Women gained voting rights in 2005
  • Bahrain is a group of islands, wealthy due to oil, and has a monarchy with a legislature. The country's economy depended on oil before moving into banking and tourism
  • Qatar is a small peninsula ruled by a powerful monarch. A new constitution granted more power to elected officials in 2003. Economy depends on oil and natural gas
  • The UAE is a collection of seven small kingdoms, relying on foreign workers. Its economy is heavily dependent on oil and natural gas to provide comfortable lifestyles
  • Oman has an economy based on oil but is diversifying into tourism and manufacturing
  • Yemen is located on the southwestern part of the peninsula, has an elected government, but has suffered from corruption. Oil revenue was limited, with coffee and oil being important to the national income
  • Islam is a major influence on the people and culture of the Arabian Peninsula, alongside oil bringing wealth to most countries there

Geographic Impact

  • The small size of the UAE affects its dependence on foreign workers
  • Oil is a chief driver in economic development in the Arabian Peninsula

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