SW Asia Government and Economics

As you move along the economic continuum from market to command, what happens to the amount of government involvement in the economy??

• It decreases
• It increases
• It stays the same

Most countries in Southwest Asia have what kind of economy?

• traditional

• command

• pure

• mixed

A traditional economy is based on what?

• short term trading relationships with other countries

• long- standing customs and values

• dictated by the government

• chosen by the people and their needs and wants

A command economy is based on what?

• cultures and values

• dictated by government controls and regulations

• control of the citizens

• king and queen demands

Mixed economies fall somewhere in between pure command and pure market on the continuum? True or False

• True

• False

A market economic system is based on what?

• dicatorship by the government,

• long-standing customs and values

• what customers want to buy and producers want to sell

• both what the citizens want and government regulated

What are the 3 questions countries need to ask in when setting up their economic system up?

• what to produce, where to produce, how to produce

• what to produce, who is going to produce it, how to produce

• what kind of producing, where to produce, how to produce

• what to produce, how to produce, for whom to produce

What does standard of living mean?

• how to live where you are living

• different levels of living for different people

• standards of how everyone should live in countries

• levels of wealth and material comfort available in a country

Natural resources play a key role in?

• any country's economy

• ways to live

• control farming

• investments and standard of living

How do citizens participate in an autocratic government?

• they are able to determine their political leaders through voting

• they are able to control all aspects of their government

• they almost always pay high taxes to fund their government

• they usually have little to no participation in their government