Unit 3 Review Economics and Government of the Middle East

Exchanging currencies makes international trade more difficult.

Which country has the highest degree of economic freedom?

Casey decides to open her own graphic design company. This is an example of ________________.

What is the name of Israel's currency?

Which of the following is NOT an example of a trade barrier?

Countries with a high GDP and high literacy rates usually also have a high _____________________.

What does the acronym OPEC stand for?

Which country's currency is the Riyal?

Which of the following is NOT one of the four factors that determine whether a nation's economy is healthy and grows?

Israel and Saudi Arabia invest around 6-7 percent of their GDP on education. This is an example of investment in what?

In which economic system are the economic questions answered by supply and demand?

Which of the following Middle Eastern countries is governed by an absolute monarchy?

What does Saudi Arabia specialize in?

Which is NOT one of the three economic questions that determine the type of economic system a country uses?

Why do countries need a system for exchanging currencies?

Turkey's currency is the ___________.

A government with a king or queen is called a __________________.

What type of government does Saudi Arabia have?

Refusing to allow trade with another country is what type of trade barrier?

A government in which citizens vote for the legislature who appoints the executive is called a ________________________.

A government in which citizens elect both the legislature and the executive is called a ___________________________.

In what type of economic system does the govermnet answer the economic questions?

Many oil-rich countries cooperate with each other in OPEC. How does this help them play a major role in world affairs?