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Duplicate of Economics of SW Asia Flashcards | StudBud
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Duplicate of Economics of SW Asia
Duplicate of Economics of SW Asia
30 terms
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#economics #southwestasia #socialstudies #7thgrade
Flashcards
30 cards
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Questions
30
Answers
1
Which country is the most market-leaning of the three countries?
Letter A
Letter C
Letter B
2
Most countries find they need their economy to operate somewhere between a __ and ___ economy.
Market and Command
Traditional and Market
Traditional and Command
Traditional and Mixed
3
Which country has the largest economy in SW Asia?
Letter A
Letter C
Letter B
4
"The monarch is the head of state and has no real power" is only true in a/an:
parliamentary democracy
autocracy
absolute monarchy
presidential democracy
5
Human Capital or Human Resources is:
amount of goods sold in foreign trade
money paid to workers
skills and education
taxes collected from workers
6
Israel has not invested in:
oil
defense
communication
farming and agriculture
7
Saudi Arabia's economy can be represented by which letter on the graph?
Letter C
Letter B
Letter A
8
A formal halt to trade with a particular country for economic or political reasons:
tariff
embargo
quota
levy
9
Israel specializes in:
scientific technology
medical technology
agricultural technology
industrial technology
10
Which industry does Saudi Arabia control?
oil
technology
agriculture
textile manufacturing
11
In an autocracy __________.
no one is in charge
everyone gets to vote
one person is in charge
a few people are in charge
12
The economies of Israel, Saudi Arabia, and Turkey are:
Command
Mixed
Traditional
Market
13
How do Israeli's make-up for their lack of natural resources?
They rely on farming
They put everyone to work
They refuse to import oil
They have strong technology companies
14
Which country has the highest amount of Government Regulation and control of the economy?
Letter B
Letter A
Letter C
15
Why are oil and gas so valuable?
they are found in most countries
they serve as a valuable energy supply
they are the only sources of energy around the world
they can easily be replaced
16
Which country is being described by the statements below?
Turkey
Saudi Arabia
Israel
17
Which country is being described by the statements below?
Saudi Arabia
Turkey
Israel
18
What does OPEC do?
refine oil
regulate the price and supply of oil
mediate between Palestine and Israel
make sure non-member do not receive oil
19
In a traditional economy, how are economic decisions made?
Government Leaders
Government Leaders AND Consumers
Consumers
Customs & Traditions
20
What is an entrepreneur?
someone who is always successful
people like Mr. Hand who like to invest all their money
someone willing to take a risk to begin a business
people who do not take risks
21
Which statement accurately describes Israel, Saudi Arabia, and Turkey's economic systems?
Market
A mix of Market & Command
Command
Traditional
22
A tax placed on goods coming into one country from another:
quota
levy
tariff
embargo
23
Producing goods a country can make most efficiently is:
importation
specialization
scarcity
human capital
24
Saudi Arabia specializes in:
oil and gas
agricultural technologies
olives and oranges
oil and sugar
25
Consumers and the market control this economy
Market
Traditional
Command
Mixed
26
Which country is being described by the statements below?
Saudi Arabia
Turkey
Israel
27
A limit to the number or amount of a foreign-produced good that is allowed into the country:
embargo
tariff
quota
levy
28
Decisions made based on custom and habit
Mixed Economy
Market Economy
Command Economy
Traditional Economy
29
In a democracy___________.
everyone gets to vote
a few people are in charge
no one is in charge
one person is in charge
30
Based on Turkey's location on the Economic Continuum, it can best be described as:
Command-Leaning
Pure Market
Market-Leaning
Pure Command