SW Asia Economy and Government Review 2019

In what type of government would you experience the least amount of citizen participation?

• Autocracy

• Oligarchy

• Democracy

• Presidential Democracy

How does the leader come to power in Saudi Arabia?

• He inherits power through birth.

• He is selected by a small group of Islamic leaders.

• He has a ceremonial position but no real authority.

• He is selected from the legislature.

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

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

• Traditional
• Pure Market
• Mixed Command
• Mixed Market

Where are most of the countries of OPEC located?

• Africa
• South America
• North America
• Southwest Asia

Why was OPEC created?

• To regulate the supply and price of oil
• To help the Palestinians in their problems with Israel
• To design new machinery to get oil out of the ground
• To keep countries that are not members from producing any oil

How has Israel's lack of oil affected that country's economy?

• Israeli businesses use little oil to operate.
• Israel has little industry dues to their lack of oil.
• The Israeli economy is built around commercial farming for economic gains.
• The Israelis specialize in technology and trade for what they need. 

What are capital goods?

• The workers who make the goods and services.
• The factories and machines used to make goods.
• The money spent to train workers to use new technology.
• The goods and services that are produced for a country's economy. 

What is GDP?

• The value of goods and services a country imports.
• The value of all goods and services produced in a period of time.
• Trade Barriers countries place on each other.
• People who take risks on new businesses.

Why would one country place an embargo on another?

• Political differences
• Lack of natural resources
• Lack of transportation
• Distance