Government Vocabulary
______ is a system of government in which state power is vested in the people or the general population of a state.
What is a Democracy
This country operates as an absolute monarchy, with the King serving as both head of state and government.
What is Saudi Arabia
What are the two main things Saudi Arabia specializes in?
What is Petroleum and Oil
____ is an order of a government prohibiting the departure of commercial ships from its ports
What is an Embargo
___ are goods that are used in producing other goods, rather than being bought by consumers
What is Capital Goods
______ is a system of government in which absolute power is held by the head of state and government, known as an autocrat.
What is an Autocracy
This country operates as a presidential republic, with the President serving as both head of state and government.
What is Turkey
____ is the process of concentrating on and becoming expert in a particular subject or skill.
What is specialization
A _____ is a tax imposed by the government of a country or by a supranational union on imports or exports of goods.
What is a tariff
______ is the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.
What is Human Capital
______ refers to choosing officials or policies by casting a ballot, a document used by people to express their preferences formally.
What is Voting
____ is a parliamentary democracy established in 1948 and located in the Middle East. Its government is led by the Prime Minister, who serves as the chief executive
What is Israel
How much of the world's oil does Saudi Arabia produce?
What is 17%
____ is a limited quantity of a particular product that under official controls can be produced, exported, or imported
What is a Quota
What are the four main factors of economic growth?
(answers may vary)
What are land, labor, capital, and entrepreneurship
The ____ ____ is defined by the percentage of the population of a given age group that can read and write.
What is Literacy Rate
This country has no elected legislature; instead, it is governed by the advice of the Shura Council, whose members are appointed by the King.
What is Saudi Arabia
What does Turkey mostly depend on with specialization
What is Manufacturing
Who enacted an oil embargo on any country supporting Israel?
What is OPEC
What is an example of a product made of capital goods?
What are desks, vehicles, and kitchen appliances
____ ____ ____ is a monetary measure of the market value of all the final goods and services produced and rendered in a specific period by a country or countries.
What is Gross Domestic Product or GDP
While this country guarantees fundamental freedoms such as speech, religion, and assembly, debates over the extent of these freedoms persist
What is Israel
____ is the top producer in the world of apricots and hazelnuts.
What is Turkey
Which trade barriers are most effective in promoting economic prosperity?
What is tariffs
Things that are naturally found in the land of a country
What are natural resources