Government
What is the government of Israel?
Parliamentary Democracy
What is the difference between and autocracy, oligarchy, and democracy?
Autocracy- Run by one (dictator)
Oligarchy- Run be few (small group of powerful and usually rich leaders)
Democracy- Run by many (the people)
Which of the following is a trade barrier?
Select all that apply.
Embargoes, Currency, Quota, GDP
Embargoes, Quota
Specialization...
Producing goods that an country can make most efficiently in order to be most efficient.
What is the government of Saudi Arabia?
Autocratic Monarchy
Heredity...
The passing of power from one generation to the next.
(like the government of Saudi Arabia, which is a monarchy)
How do countries with different currencies trade?
Exchange rates allow for countries to turn their money into that of the country with whom they want to trade.
Trade Barrier...
A policy or restriction that limits international trade.
What is the government of Turkey?
Parliamentary democracy, but they will become a presidential democracy in 2019
Sharia Law...
Islamic law that is based around the 5 pillars of faith and the Quran.
What are the economies of Saudi Arabia, Israel, and Turkey?
TRICK QUESTION!
They are all mixed economies, but Turkey and Israel are closer to market economies than Saudi Arabia
GDP...
The amount of money made from all goods and services sold in a country.
How is the leader chosen in parliamentary and presidential democracies?
Parliamentary-
Citizens elect PARLIAMENT, Parliament selects PRIME MINISTER (leader)
Presidential-
Citizens directly elect PRESIDENT
Knesset...
The unicameral Israeli government
What are the three economic questions that must be answered in any economic system?
What will be produced?
How will it be produced?
For whom will it be produced?
Literacy Rate...
The percentage of a country that can read and write.
This form of government allows for the most citizen participation...
Democracy, Oligarchy, or Autocracy?
What is democracy?
Grand National Assembly...
Turkey's legislature
What does OPEC do?
What countries are dependent on it?
Controls the amount of oil produced, and how much to sell it for.
Iraq, Kuwait, Saudi Arabia, and more.
Entrepreneur...
A person who takes a risk to start a business