SW Asia Economics

In which economic system would you most likely have inherited the tools you work with from your mother?

• Command
• Market
• Traditional

No one wants pink calculators so your business fails. Which economic system do you belong to?

• Command
• Market
• Traditional

You work in a factory that makes pink calculators because that�s what the government tells you to make. You are part of a _________________ economic system.

• Command
• Market
• Traditional

Which statement BEST describes the economies of many Southwest countries today?

• They are based on agriculture.
• They are free market economies.
• They are mixed economies.
• They are command economies.

Which industry does Saudi Arabia's government specialize in?

• Oil
• technology
• agriculture
• textile manufacturing

What has been a challenge to Israel’s economy?

• crops and oil
• national security and immigration
• health care and education
• banks and services

Which SW Asian country's industries are under the MOST government control?

• Israel

• Saudi Arabia

• Turkey

• All of the above

International trade requires a fair way to swap currency. ______________ is the trading of one's currency to the currency of another country.

• bartering

• exchange rate

• currency exchange

• importing goods

The __________________ dominates the economies of several SW Asian nations

• oil industry

• technology industry

• agriculture industry

• shipping industry

__________________ make the decisions in command economies such as Iran and Saudi Arabia.

• government officials

• citizens

• traditions and customs

• regulatory committees