stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Economics of SW Asia Flashcards | StudBud
Explore
/
Economics of SW Asia
Economics of SW Asia
30 terms
·
StudBud Administration
·
1,367 plays
#economics #southwestasia #socialstudies #7thgrade
Flashcards
30 cards
F
Practice quiz
P
Host live
L
Questions
30
Answers
1
Saudi Arabia specializes in:
olives and oranges
oil and gas
agricultural technologies
oil and sugar
2
Decisions made based on custom and habit
Market Economy
Command Economy
Mixed Economy
Traditional Economy
3
Which industry does Saudi Arabia control?
oil
agriculture
technology
textile manufacturing
4
Which country is being described by the statements below?
Saudi Arabia
Turkey
Israel
5
Which country has the largest economy in SW Asia?
Letter B
Letter C
Letter A
6
In an autocracy __________.
everyone gets to vote
one person is in charge
no one is in charge
a few people are in charge
7
Israel has not invested in:
defense
farming and agriculture
communication
oil
8
What is an entrepreneur?
people who do not take risks
people like Mr. Hand who like to invest all their money
someone who is always successful
someone willing to take a risk to begin a business
9
Human Capital or Human Resources is:
skills and education
taxes collected from workers
amount of goods sold in foreign trade
money paid to workers
10
Based on Turkey's location on the Economic Continuum, it can best be described as:
Command-Leaning
Pure Command
Pure Market
Market-Leaning
11
Israel specializes in:
scientific technology
industrial technology
agricultural technology
medical technology
12
Saudi Arabia's economy can be represented by which letter on the graph?
Letter A
Letter B
Letter C
13
A limit to the number or amount of a foreign-produced good that is allowed into the country:
embargo
levy
quota
tariff
14
In a traditional economy, how are economic decisions made?
Customs & Traditions
Consumers
Government Leaders AND Consumers
Government Leaders
15
In a democracy___________.
everyone gets to vote
no one is in charge
one person is in charge
a few people are in charge
16
Which country is being described by the statements below?
Saudi Arabia
Israel
Turkey
17
What does OPEC do?
mediate between Palestine and Israel
make sure non-member do not receive oil
regulate the price and supply of oil
refine oil
18
Producing goods a country can make most efficiently is:
specialization
human capital
importation
scarcity
19
Which country is the most market-leaning of the three countries?
Letter A
Letter B
Letter C
20
A formal halt to trade with a particular country for economic or political reasons:
tariff
levy
embargo
quota
21
The economies of Israel, Saudi Arabia, and Turkey are:
Market
Traditional
Mixed
Command
22
Consumers and the market control this economy
Command
Market
Traditional
Mixed
23
"The monarch is the head of state and has no real power" is only true in a/an:
autocracy
presidential democracy
absolute monarchy
parliamentary democracy
24
Most countries find they need their economy to operate somewhere between a __ and ___ economy.
Traditional and Mixed
Market and Command
Traditional and Command
Traditional and Market
25
How do Israeli's make-up for their lack of natural resources?
They put everyone to work
They rely on farming
They refuse to import oil
They have strong technology companies
26
Which country is being described by the statements below?
Turkey
Israel
Saudi Arabia
27
Why are oil and gas so valuable?
they are the only sources of energy around the world
they are found in most countries
they serve as a valuable energy supply
they can easily be replaced
28
Which statement accurately describes Israel, Saudi Arabia, and Turkey's economic systems?
Market
A mix of Market & Command
Traditional
Command
29
A tax placed on goods coming into one country from another:
embargo
tariff
levy
quota
30
Which country has the highest amount of Government Regulation and control of the economy?
Letter C
Letter A
Letter B