Governments
What type of government does Israel have?
What is Parliamentary Democracy?
Israel's type of economy (and what it is leading towards)
What is mixed leaning towards market?
Saudi Arabia's specialization
What is oil?
The trade barrier which is used as a tax
What is Tariffs?
What is the benefit of using both physical capital and human capital?
What is helps workers produce goods and services more easily and at less cost?
What are the types of government?
What is democracies, monarchies, and oligarchies (the first two work as well)
What are the types of economies?
What is command, mixed, and market? (bonus: although there are no countries purely market or command)
What is specialization?
What is when a country or region focuses their productive efforts on one specific goods or services to increase efficiency and drive trade. (answers may vary)
What are the types of trade barriers?
What is human capital?
What is the collective economic value of a person's or workforce's skills, knowledge, experience, health, and abilities? (answers may vary)
What type of government does Saudi Arabia have?
What is absolute monarchy?
Which economy is the most command: Saudi Arabia, Israel, or Turkey?
What is Saudi Arabia?
What is the relationship between oil production and Middle Eastern nations' gross domestic products (GDP)?
What is the higher the production of oil, the higher the nation's GDP?
What is an embargo?
What is a stop of trade between certain countries?
What is physical capital?
What is the real, human-made, and durable (reusable) assets utilized by businesses and economies to produce goods and services? (answers may vary)
What is the difference between parliamentary democracy and presidential democracy?
What is a parliamentary democracy has a fusion of powers in which the executive is accountable to the legislature while a presidential democracy separates these powers with a directly elected president, serving as head of state and government? (answers may vary)
What type of economy does Turkey have?
What is trade?
What is the voluntary exchange of goods, services, or assets between two or more parties?
If the government puts a tariff on a certain good, what would happen to the good?
What is the good will go up in price, because a tariff is a tax?
Rachel manages a box factory and just hired Franco. Does Franco count as physical capital?
What is human capital, not physical capital?
What type of government does Turkey have?
What is parliamentary democracy?
Why is OPEC important to Saudi Arabia?
What is The Organization of Petroleum Exporting Countries (OPEC) helps control oil production and keeps prices high?
For the last sixty years, what has been Southwest Asia's main export?
What is the region’s main export has been oil?
Which trade barrier acts as a limit of quantity for a product to be imported?
What is a quota?
A nurse takes a class to learn a new way to help patients. What kind of capital has she improved?
What is human capital?