Middle East Economy Review

A type of economy where citizens drive the market based on supply and demand; there is no government intervention. 

• Command
• Market
• Traditional 
• Mixed

A type of economy where there is some government involvement, but also the reliance on consumer choice (supply and demand). 

• Command
• Market
• Traditional 
• Mixed

A type of economy where the government has complete control over what to produce, how to produce it, and who to produce it for.

• Command

• Market

• Traditional

• Mixed

An economy based on customs; the economy is driven by passed down traditions. 

• Command
• Market
• Traditional
• Mixed

In what country are men and now women allowed to vote at the age of 21?

• Turkey
• Israel
• Iran
• Saudi Arabia

What kind of economic system do Israel, Saudi Arabia, and Turkey have on the economic continuum?

• Command
• Market
• Traditional 
• Mixed

What is “economic specialization”?

• Directly trading goods from one country to another without using money.
• Trying to avoid investing in industry and technology because of the costs.
• Producting everything a country needs, so that trade with other countries is not needed.
• Producing what a country makes most efficiently and trading that with others who need it. 

Which country listed below has 26% arable land, and major export is agricultural products?

• Turkey
• Israel
• Iran
• Saudi Arabia

Which industry does the government of Saudi Arabia heavily control?

• Oil
• Agriculture
• Technology
• Textile Manufacturing

Most economies in the world today operate somewhere in between a market economy and a commandeconomy because

• Most consumers believe the government should have absolute control of the economy.
• Absolute government control allows for more consumer choice. 
• Consumers are not concerned with product safety.
• Consumers need some government control to ensure product safety.