Middle East Economic Systems

Middle East Economic Systems

KG - University

20 Qs

quiz-placeholder

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Middle East Economic Systems

Middle East Economic Systems

Assessment

Quiz

Geography, History

KG - University

Medium

Created by

Susannah Closson

Used 134+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Under which economic system does the government make almost all of the economic decisions?

Command
Market
Traditional
Capitalist

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What are the 3 basic economic questions that all economic systems must answer?

What to produce, how to produce it, and for whom to produce the goods
When to produce, why to produce, and how long to produce
to what extent to produce, how much to produce, why to produce
what to produce, why to produce, and how much to produce

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

In a traditional economy, how are economic decisions made?

Custom & habit
Government planners
Consumers & the market
Combination of consumers and government planners

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which would be a problem in a command economy?

individuals trying to start a new business
workers forced to do jobs they did not care to do
local crafts produced before manufactured goods
government planners set prices for goods produced

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The economies of Israel, Saudi Arabia, Turkey and Iran could best be described as

mixed
market
command 
traditional

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

How have the Israelis made up for their lack of natural resources?

They have put everyone to work and have no unemployment
They have relied primarily on farming to keep their economy going
They have developed strong technology companies in their economy
Israelis have refused to import oil, saving huge amounts of money each year

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is "economic specialization"?

directly swapping goods from one country to another without having to use money
trying to avoid investing in industry and technology because of the expense involved
producing all goods and services needed for a country's growth, so that trade with other countries is not needed
producing those goods a country can make most efficiently so they can trade them for goods made by others that cannot be produced locally

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