Unit 1-e Social Studies SWA Economics

Which factor or factors account for the Israeli economy being among the most developed in all of Southwest Asia?

• Strong Financial Sector and investments in Techology

• Natural resources such as Oil and Natural Gas

• Fertile Soil For Agriculture

• Biodiversity

A government that makes all economic decisions

• Market

• Mixed Market

• Traditional

• Command

What factor effects Command Economy the most

• Supply and Demand

• Custom Habits

• Government Planning

• Popular Votes

What is the biggest factor effecting Market econonmies

• Popular Votes

• Custom and Habits

• Government Planning.

• Supply and Demand

Factors that effect Traditional economies are

• Custom Habits

• Government Planning

• Supply and Demand

• Popular Votes

In which type of economy are producers LEAST LIKELY to produce a surplus of goods?

• Traditional Economy

• Mixed Economy

• Market Economy

• Command Economy

In which type of economy is the government MOST LIKELY to set production quotas for certain goods?

• Market Econmy

• Traditional Economy

• Command Economy

• Mixed Econmy

Saudi Arabia' Economy depends on

• Steel Industry

• Oil Industry

• Fishing Industry

• Tourism Industry

Mixed Economy is a combination of which two

• Relies on currency as well as Bartering

• Relies on Supply on Deamand

• Combination of Traditional and Command

• Combination of both Command and Market

Which statement correctly explains the relationship between literacy rates, standard of living, investment in human capital, investment in capital goods, and GDP?

• Countries that spend a larger percentage of their GDP investing in human capital and capital goods experience increases in literacy rate, standard of living, and GDP.

• Countries that spend a smaller percentage of their GDP investing in human capital and capital goods experience increases in literacy rate, standard of living, and GDP.

• Countries that spend a larger percentage of their GDP investing in human capital and capital goods experience increases in literacy rate and standard of living and decreases in GDP.

• . Countries that spend a larger percentage of their GDP investing in human capital and capital goods experience decreases in literacy rate, standard of living, and GDP