Government Vocabulary"
What is the term for a government ruled by religious leaders?
Answer: Theocracy
Which country in Southwest Asia is a parliamentary democracy?
Answer: Israel
What is it called when a country focuses on producing specific goods or services?
Answer: Specialization
What is a tax on imported goods called?
Answer: Tariff
What is the term for the skills and knowledge possessed by workers?
Answer: Human Capital
What is a system of government where power is held by the people, who then elect representatives?
Answer: Democracy
Which country in Southwest Asia is a monarchy ruled by a king?
Saudi Arabia
What resource does Saudi Arabia specialize in producing?
Answer: Oil
What is a limit on the quantity of goods that can be imported called?
Answer: Quota
What is the total value of goods and services produced in a country in a year called?
Answer: Gross Domestic Product (GDP)
What is a form of government in which one person possesses unlimited power?
Answer: Autocracy
Which country in Southwest Asia is a republic with a president?
Answer: Turkey
How does specialization typically affect trade between countries?
Answer: Increases it
What is a complete ban on trade with another country called?
Answer: Embargo
What are the tools, machines, and factories used to produce goods and services called?
Answer: Capital Goods
What is the process of negotiating and signing agreements between countries?
Answer: Diplomacy
In which of these countries does Sharia Law play a significant role in the legal system?
Answer: Saudi Arabia
What is a potential risk of over-specialization for a country's economy?
Answer: Dependence on a single industry
How do trade barriers typically affect the price of imported goods?
Answer: Increase it
How does a higher literacy rate typically affect a country's GDP?
Answer: Increases it
What is a group of people who control and make decisions for a country, state, etc.?
Answer: Government
Which country's government is most secular?
Answer: Turkey
How does specialization contribute to increased efficiency in production?
Answer: By allowing workers to focus on specific tasks
What is a primary goal of countries when they impose trade barriers?
Answer: To protect domestic industries
How does investment in capital goods contribute to economic growth?
Answer: Increases productivity