Econ Vocab
Gov Vocab
Government
Economics
Random
100
Type of trade barrier that forbids trade with another country
Embargo
100
True or False: There can be a theocracy and an oligarchy at the same time.
True
100
In which country in the Middle East is the role of the citizen valued in terms of personal freedoms? A. Iran B. Israel C. Saudi Arabia D. all three countries
B. Israel
100
What is the most profitable resource in the Middle East? and which country has nearly half of the worlds supply of it? **Daily Double**
Oil; Saudi Arabia
100
Jose is an auto mechanic in a nearby larger town. He has decided his own small town needs its own car repair shop. Jose bought the building and opened his shop. Jose is an example of _____. A. Trade surplus B. Entrepreneur C. Opportunity costs D. Gross domestic product
B. Entrepreneur
200
_________________ are brought into a country.
Imports
200
Part A. Gov’t where people elect legislature; power is held by a cabinet of members of the legislature who are accountable to the legislature Part B. _______________ is often the leader of this system of government **Daily Double**
Part A. Parliamentary System Part B. Prime Minister
200
Part A. Who makes all the governmental decisions and can remove any president for any reason in Iran? Part B. Who is the leader in Saudi Arabia ** Daily Double **
Part A. Supreme Leader Part B. King ** Daily Double **
200
What is the main reason countries in the region want to diversify their economies? a. it will create more oil-industry jobs b. it will keep traditional customs c. it will bring more foreign workers d. it will strengthen their countries
d. it will strengthen their countries
200
What are capital goods? A. the workers who make the goods and services B. money available for scholarships to private schools C. money used to train workers to use new equipment D. the factories and machines used to make goods
D. the factories and machines used to make goods
300
________________ is when a country focuses on a specific good or service in hopes to make a large profit off it.
Specialization
300
Which describes a government under a dictator? A. A monarch inherits total control; there is no elected government B. The king works with elected leaders to rule the country C. An all-powerful ruler has total control of the country D. The government is elected by people that cast votes.
C. An all-powerful ruler has total control of the country
300
Which two countries allow citizens to vote if they are 18 and over
Israel and Iran
300
The higher the GDP, the higher the countries __________________________.
literacy rate
300
Why does OPEC play a powerful role in the world?
It sets the price and how much it will produce of the majority of the worlds oil
400
A total of goods and services that have been produced in one year in a country
Gross Domestic Product
400
This system shares the power between the individual states and the central government
Federal
400
Which country does not have a legislature or political parties? Why?
Saudi Arabia, because it has a monarchy
400
What are the four factors of economic growth?
1. Labor 2. Capital Goods 3. Entrepreneurship 4. Natural Resources
400
Movie Quote- "Just keep swimming, just keep swimming... swimming, swimming, what do you do.... you swim, swim, swim!"
Finding Nemo
500
Both Israel and Turkey have this type of economy ______________, while Saudi Arabia has this type of economy, _____________
Israel and Turkey- Mixed Market Saudi Arabia- Mixed Command
500
This system gives all the power to the central government and it makes the decisions for the people.
Unitary
500
Compare and Contrast Israel and Saudi Arabia's government.
Compare- Strong government influence, men can vote Contrast- SA- 21 years or older, Monarchy, limited rights Israel- 18 years or older, more personal freedoms, both men and women can vote in presidential elections
500
When a compnay educates and trains its people, it is inventing in ____________________.
Human Capital
500
a religious and political leader in the Muslim faith is called a _____________________. (Hint: Iran has one)
Caliph
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