SW Asia Govt and Economy study guide

When a country produces what it can efficiently and cheaply and trades with other countries for the rest.

• Human Capital

• Capital Goods

• Specialization

• Entrepreneurship

Mining, diamond processing, technology, and agriculture are specialties of what Middle Eastern Country

• Iraq

• Saudi Arabia

• Afghanistan

• Israel

Saudi Arabia specializes in what commodity?

• Cars

• Oil

• Textiles

• Electronics

Which of the following is not a natural resource

• oil

• wood

• water

• plastic

What type of Government System does Saudi Arabia have?

• Monarchy/Autocracy

• Democracy

• Olichargy

• Parliament

Which country below has a Presidential Democracy

• Iraq

• Turkey

• Iran

• Israel

If an Israeli can only vote for the legislature but not the Prime Minister, the Gov't System is what?

• Presidential Democracy

• Autocracy

• Parliament

• Republic

How could you describe Turkey's economic system

• 65% to the Market 35% to the command

• Mixed leaning to the market

• More free than command

• All of the above

While the Royal Family has privatized some industries in Saudi Arabia, they keep ownership of what commodity?

• Oil

• Coal

• Textile industry

• Computer chips

What is the main purpose of OPEC

• To make sure that the oil is refined properly

• To regulate the price of oil and make money for its countries

• To make as much oil as it can

• All of the above