Middle East Economics

People who create new businesses, products, and/or services

No true market or true command economy exists. All economies are mixed.

To stop trade all together with a country

The most scarce resource on planet earth is:

Turkey's capital goods investments have been in:

Factories, machines, tools used to produce a good or service

The total value (worth) of a country.

The three questions that all economies must ask are

The average salary of citizens in a particular country

A tax placed on goods coming into a country

The fundamental problem in economics is:

The training, education, and health of a nation's workforce

Which of the following countries is the most command leaning?

A group of countries that export oil to other countries

Saudi Arabia's capital goods investments are in:

________ economies or planned economies answer the 3 economic questions based off the government's choice

_________ economies are determined by citizens and supply and demand.

Israel invests in capital goods of:

Saudi Arabia, and many other middle eastern countries, specialize in:

Percentage of citizens over 15 who can read and write

If the demand for a product or service goes up, what happens to the price?

Which of the following countries is the most market leaning?

This term means getting really good at one specific thing.

______ economies produce the same way their ancestors have.

A limit on the amount of goods that can be imported