Government Vocabulary
A system where citizens vote for leaders to represent them.
democracy
This country has a parliamentary democracy.
Israel
Specialization allows a country to focus on producing these types of goods.
Goods it can produce efficiently?
A tax placed on imported goods.
tariff
The investment in knowledge and skills of workers.
human capital
A government ruled by a king or queen.
monarchy
This country has a presidential democracy.
Turkey
Specialization leads countries to participate in this economic activity.
trade
A total ban on trade with another country.
embargo
Factories, machines, and technology are part of this.
capital goods
A government where religious leaders have power.
theocracy
This country is an absolute monarchy.
Saudi Arabia
Saudi Arabia specializes in this natural resource.
oil
A limit on the number of imported goods allowed in a country.
quota
The presence of oil in Southwest Asia helps increase this.
GDP (Gross Domestic Product)
The right to vote in a country’s elections.
suffrage
Citizens in this country elect a prime minister and a president.
Turkey
Israel specializes in these industries due to its dry climate.
Technology and Agriculture?
Trade barriers often protect these.
Domestic Industries
An example of a country investing in technology to improve its economy.
Israel
A system where one leader has total control over the government.
autocracy
In this country, the king makes all political decisions.
Saudi Arabia
When countries specialize, they often need to do this to get other goods.
import
This country faced an oil embargo in the 1970s, leading to an energy crisis
United States
The role of natural resources in economic growth.
Providing wealth and trade opportunities