Show:
Types of Economic Systems
Trade Barriers
S.W.A Economies
S.W.A Governments
Extras
100

What type of economic system is ruled by the government planners? 

Command economy

100
What is a tax on imported goods?
Tariff
100

an organization of oil producing countries (mostly in Southwest Asia) that regulates the supply and price of oil on the world market.

OPEC

100

In what government system do the citizens elect a President to lead the country

Presidential democracy

100

Who takes on the financial risk in starting a new business in a market economy?

Entrepreneur 

200

What type of economic system combines private and public enterprise.

Mixed economy
200
What is a limit on imported goods?
Quota
200

What type of economic system does Turkey have?

Turkey/mixed leaning command

200

What type of government system is led by a King or Queen?

Monarchy

200

to determine the price of one country's currency in terms of another country's currency

currency exchange

300

Which type of economic system does the economy work based on custom.

Traditional economy
300
What is a restriction on all trade?
Embargo
300

Name the country and the type of economy based on the description provided: A Southwest Asia country whose economy is extremely dependent upon oil and gas revenues. Economic score of 64%

Saudi Arabia/mixed leaning command

300

What type of government does Israel have?

Parliamentary Democracy

300

 Economic ______is an efficient way to work and encourages trade among countries. 

Specialization

400

Which type of economic system does the consumers and market choose what to produce, how to produce, and whom to produce it for?

Market Economy 

400

What type of trade barrier did the U.S. have on Iraq in 1990?

Embargo

400

Which country among Israel, Saudi Arabia, and Turkey has an economy closest to a free market system?

Israel

400

Who is the head of government in a Parliamentary Democracy?

Prime Minister

400

Embargoes are sometimes done to protect the supply or value of a country's goods, but they can also be used as a strategy against other countries who wish to trade for those goods. Why do countries impose embargoes?

to declare war OR to punish the countries the embargo has been declared against

To punish the country it is placed against

500

Which would be a problem for a country with a traditional economy?

people need things and are unable to barter (trade) to get them

500
What is a fixed amount of money that raises the prices on goods coming into a country.
Tariff
500

What is one of Turkey's main economic challenges?

Desire to join the EU despite economic disparities

500

What is the name of Israel's legislature/parliament

The Knesset

500

What has been a challenge to Israel's economy?

Constant conflict and security issues with surrounding countries