Government
Economics
Middle East Specific
Trade
This category has questions in it that are related to what we have talked about this unit
100
Government type where citizens have the ultimate power and can vote either directly OR indirectly
Democratic
100
Type of economy where the government controls the economic activity
Command
100
In this country, the citizens vote for the Knesset and then the Knesset chooses the prime minister
Israel
100
A complete ban on trade
Embargo
100
What does O.P.E.C Stand for?
Organization of Petroleum Exporting Countries
200
Government type where the citizens have little to no power and there is one absolute ruler
Autocratic
200
Who makes all the decisions in a Market economy?
the citizens, businesses, and individuals
200
What resource are the economies of the countries around the Persian Gulf dependent on?
Oil
200
A LIMIT on imports
Quota
200
The amount people over the age of 15 who can read and write
Literacy Rate
300
Government where the leader is a descendant of the previous leader, usually a king or queen
Monarchy
300
What happens to GDP as investment in Human Capital and Capital Resources increase?
GDP increases
300
What type of government can be found in Saudi Arabia?
Monarchy
300
a TAX on imports
Tariff
300
What is the purpose/ goal of O.P.E.C?
To regulate the supply and price of Oil
400
In this government type, the leader is called Prime Minister. Citizens vote for the leader indirectly. Citizens vote for the legislature, then the legislature picks the executive.
Parliamentary
400
What is GDP?
Gross Domestic Product
The total sum of all goods and services from a country
400
In which Middle East country, that we have talked about, are the rights and personal freedoms most like the united states?
Israel
400
Define Currency exchange
The swapping of one countries money for another countries to help determine the value of each currencies compared to each other
400
If I take a risk to start and own my own businesses, what am I?
Entrepreneur
500
In this government, the leader is voted for directly by the people
Presidential
500
Type of economic system that relies on hunting, gathering, herding, and bartering
Traditional
500
Draw and correctly label a continuum for
Israel
Turkey
Saudi Arabia
500
The U.S produces food at a lower cost than some countries in the Middle East. Some countries in the Middle East produce oil at a lower cost than the U.S.
What do we call it when these nations trade what they have for what they need with each other?
Specialization
500
If a country uses 100,000 barrels of oil a year, but only produces 20,000 barrels a year, what must that country do to keep up with the oil demand?
Import/trade from other countries