Types of Economies
This type of economy is based on traditions, beliefs, and uses bartering to trade for goods instead of money
What is Traditional
This limits the amount of imports
What is a Quota?
This African Country is on the southernmost tip of the African continent.
What is South Africa?
This ethnic group wants to form its own country, but they are located in Turkey, Syria, Iraq, and Iran.
What are Kurds?
This is received from work and is limited.
What is Income?
This type of economy is a MIX of Command and Market Economies
What is a mixed economy?
This cancels all trade with a country
Home of the pyramids, the Suez Canal, and the Nile River.
What is Egypt?
This ethnic group speaks Farsi and is located in Iran, or what used to be Persia.
What are Persians?
This is a tool to plan the spending and saving of income.
What is a budget?
This economy has a lot of government control and not a lot of freedoms
What is a Command Economy?
A tax on imported goods
What is a Tariff?
This country sits in the "armpit" of Africa and is home to the Niger River.
What is Nigeria?
This African ethnic group originated in Cameroon and Nigeria, before migrating in waves, eventually reaching the southern tip of Africa.
What are the Bantu?
This word refers to the murder of over 6 million Jews during the second world war.
What is the Holocaust?
This type of economy is known for total freedom and no government oversight
What is a Market Economy?
There are many different types of these that are used to restrict trade and promote the purchase of domestic goods
What is a Trade Barrier?
This country is just south of Egypt and is where the Blue and White Nile come together to form the Nile River.
This African ethnic group formed on the East Coast of Africa from an infusion of many different cultures, including Bantu, Arab, Persia, India, and even China.
What is Swahili?
This type of Muslim believes that the leader of Islam should be a descendant of the prophet Muhammad.
While Israel would be found to be mixed market, this Middle Eastern country is run by its religious Supreme Leader and his Council of Guardians, making them a mixed command economy.
What is Iran?
The result in the cost of a trade barrier on an import
What is a Price Increase?
Mostly located in a tropical rain forest, this middle African country is famous for its mountain gorillas.
What is the Democratic Republic of the Congo? (Or Congo, DRC, the Congo)
This ethnic group lives mostly in Northern Africa and throughout the Middle East, mostly practicing Islam, and speaking Arabic.
What are Arabs?
After the 9/11 terrorist attacks on the USA, this country was invaded just a month later by U.S. led coalition forces.
What is Afghanistan?