Economic System in the Middle East Flash Cards

Front

Where would an economy based on high government control fall on the continuum? Options: Free Market Economy, Mixed Economy, Command Economy, Traditional Economy.

Back

Command Economy

Front

Where would an economy based on supply-and-demand fall on the continuum? Options: Command economy, Mixed economy, Market economy, Traditional economy

Back

Market economy

Front

On a continuum, where would you place Israel? Options: Far Left, Left, Center, Right, Far Right

Back

Right

Front

Match the vocabulary to its definition: an economic system that is controlled by the government.

Back

Command economy

Front

Match the vocabulary to its definition: an economic system that is based on supply-and-demand.

Back

Market economy

Front

Match the vocabulary to its definition: an economic system that combines different aspects of economic models.

Back

Mixed economic system

Front

Match the vocabulary to its definition: to get involved in to change the outcome.

Back

Intervene

Front

Match the vocabulary to its definition: the amount of goods/services available and the desire for it.

Back

supply-and-demand

Front

Monies granted by government to assist an industry.

Back

Subsidies

Front

Match the vocabulary to its definition: a scale from 0-100 that ranks economies.

Back

Economic continuum