ME Econ and Gov't
Both Turkey and Israel have a Parliament. Turkey is ruled by a President while Israel is ruled by a Prime Minister. What type of Government does Saudi Arabia have?
Autocracy / Absolute Monarchy / Theocracy
Most Persians live in
Iran
What year did the USA and their allies invade Iraq looking for Weapons of Mass Destruction? (WMD)
2003
What is the total amount of earnings made over a year after ALL deductions have been taken out?
Net Income
What ethnic group lives in the mountain region between Turkey, Syria, Iran and Iraq?
Kurds
Name two ways to limit trade between countries.
Tarif and Quota
Name the largest ethnic group in Southwest Asia (ME).
Arabs
What is a source of conflict between Israel and Palestine since 1948 (and before)?
Land
Why do people buy insurance?
To protect themselves against risk
They have a parliamentary democracy and the people vote for the legislature and the legislature elects the Prime Minister.
Name at least two examples of capital goods.
Factories, machines, tools
This Southwest Asian ethnic group does not have their own country to live in.
Kurds
Why did the US invade Afghanistan in 2001?
The US believed Afghanistan was harboring Osama bin Laden, the mastermind behind 9/11.
How is interest earned with simple interest?
Only on the principal
Explain the spilt between Sunni and Shia Muslims?
Sunni Muslims believe the leader should be the person best fit for the role, Shia Muslims believe the leader should be a descent of Muhammad.
Citizens have little power in a command economy. Who makes all the decisions?
The ruler
Persians (mostly) are this religion.
Shia Muslims
What is the movement around the world to call for a Jewish state?
Zionsim
How is interest earned on compound interest?
On the principal and interest
What problem occurred after the breakup of the Ottoman Empire when land was divided by Sykes and Picot (Europeans)?
Ethnic and religious groups in the ME were NOT taken into consideration making conflict in the area.
Why is it important for a country to invest in human captial?
When countries invest in human capital their people are trained better or educated for better paying jobs.
What religious group reads the Torah and worship in a Synagogue.
Judaism
Why did the US get involved in the Persian Gulf?
To free Kuwait from Saddam Hussein and because of their interest in oil.
What is the total amount of earnings made over a month BEFORE any deductions are taken.
Gross income
What is an embargo and what kind of effect can it have on the global economy?