Southwest Asian Economies

What is/are the economic question(s) that every country must answer?

• What to produce?

• How to produce?

• For Whom to produce?

• All of the above

How do members of a traditional economy trade goods?

• Bartering

• Supply and Demand

• Paying for them

• All of the above

How does a command economic system answer the 3 economic questions?

• Government makes all decisions

• People make all the decisions

• Both the government and the people make decisions

• all of the above

Which country has a pure market economy?

• United States

• Switzerland

• Italy

• None of the above

What kind of economic system do most democratic countries have?

• Pure Market

• Mixed Market

• Mixed Command

• Traditional

What has been a challenge to Israel's economy?

• National security and immigration

• immigration and working within a command economy

• High unemployment

• High employment

Saudi Arabia has had 3 economic systems. What order did they appear?

• mixed market, command, traditional

• traditional, command, mixed

• Mixed command, traditional, mixed market

• traditional, mixed, command

How has Saudi Arabia set up private enterprise over the last 30 years?

• Power generation and natural gas exploration

• oil industry

• power generation only

• natural gas exploration only

What economic challenges does Saudi Arabia face?

• Immigration and national security

• High unemployment

• Not enough Natural resources

• all of the above

What type of economic system does Turkey currently have

• command

• traditional

• mixed