4.2 Economic Systems

makes all of the decisions in a command economy

• private citizens

• the government

• United Nations

• local mayor

This country's oil industy is heavily regulated by the government.

• Turkey

• Israel

• Saudi Arabia

• Iraq

In this type of economic system, ideally citizens own all the country's land, resources, and factories?

• market

• traditional

• command

• mixed

Most democratic nations have economic systems that are a(n) ___ of market and command.

• mix

• component

• element

• fusion

Which of the three countries is the most market leaning?

• Turkey

• Israel

• Saudi Arabia

• Afghanistan

In a traditional economy, goods and services are exchanged through

• market

• currency exchange

• bartering

• command

What type of economic systems is based on customs and traditions?

• market

• command

• traditional

• mixed

In which type of economic system are the price of goods and services controlled by the government?

• market

• command

• traditional

• mixed

Which country has the largest economy in the Middle East?

• Saudi Arabia

• Israel

• Turkey