What is a type of government where power is divided between a central authority and regional governments?
What is a federal government?
Which country has a parliamentary democracy?
What is Israel
What is the term for focusing on producing one type of good or service?
What is specialization
What is a tax on imports called?
What is a tariff
What is the term for the knowledge and skills workers bring to their jobs?
What is human capital
What term describes the system where citizens vote directly or indirectly for leaders?
What is a democracy
Which country is a monarchy where the king has most of the power?
What is Saudi Arabia
What is a benefit of specialization for a country?
What is increased trade opportunities
What is a complete ban on trade with a specific country?
What is an embargo
What is an investment in infrastructure, machines, and technology called?
What is capital goods
What type of government places power in the hands of one individual, often a king or dictator?
What is an autocracy
Which country has a presidential republic system?
What is Turkey
What Middle Eastern country specializes in oil production?
What is Saudi Arabia
What is the limit on the number of goods that can be imported?
What is a quota
What is the most significant natural resource for economic growth in Southwest Asia?
What is oil
What is the term for a political system in which religious leaders control the government?
What is a theocracy
Which country guarantees freedom of religion in its Basic Law?
What is Israel
Why does specialization require trade?
What is because no country can produce everything it needs
How do tariffs impact domestic industries?
What is by protecting them from foreign competition
How does literacy rate impact economic growth?
What is higher literacy rates lead to a more skilled workforce
What is the name for the distribution of power in a confederation?
What is a loose alliance of independent states
Which country is transitioning from a parliamentary to a presidential system?
What is Turkey
How does specialization lead to economic interdependence?
What is because countries rely on each other for goods and services
Why might a country impose an embargo?
What is to pressure another country to change its policies
Why is entrepreneurship important for economic growth?
What is because entrepreneurs create businesses and jobs