Middle East Governments & Economic Systems

What is the main difference between a Presidential Democracy and a Parliamentary Democracy?

• A President controls a country and a Prime Minister controls a state.

• A Prime minister doesn't belong to a political party but a President does.

• A President has more power than a Prime Minister.

• A President is elected directly by the citizens, while a Prime Minister is elected by the legislature.

Which one describes a Presidential Democracy?

• Citizens directly elect the country's leader. Head of government is not a member of the legislature.

• Citizens elect members of the legislature which then elects the country's leader.

• Legal members of a country who are usually given rights.

• Someone who uses goods and services.

Which one BEST describes GDP?

• the system by which a country answer what to produce, for whom to produce, and how to produce

• changing from one type of currency to another

• legal members of a country who are given rights

• measures a country's economy by looking at the goods and services produced within a year

Embargo

• A tax placed on imported goods

• The currency exchange rate

• A limit on the amount of goods exported

• A ban on trading usually for political purposes

What is a quota?

• A tax placed on imported goods.

• A limit on the amount of goods a country will import?

• A complete ban on trading

• A percentage given to the needy

In which type of economy does the government have total control?

• mixed

• market

• command

• traditional

What is the primary function of OPEC?

• To determine price, oil production, and to stabilize oil distribution for the world.

• To ensure the quality of oil shipped around the world.

• To determine who gets oil around the world.

• To help with climate change.

When a company educates and trains its people, it is investing in ___________________.

• Structure

• Human Capital

• Physical Capital

• Entrepreneurship

Which one is an example of an entrepreneur?

• a manager of a business

• a person who runs a government-owned news organization

• a person who spends their savings to start a new restaurant

• a plumber who works for a company owned by an individual

How has the distribution of oil impacted the development of the Middle East?

• Oil provided wealth for the region.

• Oil provided clean water for the region.

• Oil turned the ME into the biggest producers of crops in the world.

• Oil turned the ME into the biggest producers of cars.