Southwest Asia Economic Sytems

Which statement best describes Turkey's economic system?

• Turkey has a mixed economy with a stronger market side than command side.

• Turkey has a pure market system.

• Turkey has a mixed economy with a stronger command side than market side.

Which statement best describes Saudi Arabia's economic system?

• Saudi Arabia has a mixed economy with a stronger market side than command side.

• Saudi Arabia has a pure market system.

• Saudi Arabia has a mixed economy with a stronger command side than market side.

Which statement best describes Israel's economic system?

• Israel has a mixed economy with a stronger market side than command side.

• Israel has a pure market system.

• Israel has a mixed economy with a stronger command side than market side.

The way a country determines the ________________they have is based off

1) What to produce?

2) How to produce?

3) For whom to produce?

• The type of Governement

• The type of Leader

• The type of Economy

• The type of currency

GDP is the _____________ of goods and services produced in a year.

• total amount

• least amount

• small amount

• molecular amount

A person who takes risks by starting a new business is known as a(n):

• International trader

• Economist

• Entrepreneur

• Dictator

Countries determine their own prodcution of goods and services and prices are based on

• Supply and Demand

• Interest Rates

• Inflation

• Economic Growth

The ________________________, or the % of people in a country that can read and write

• GDP

• Unemployment

• Literacy Rate

• Stanadard of Living

The ________________________, or the % of people in a country that are unemployed.

• GDP

• Unemployment Rate

• Literacy Rate

• Standard of Living

Most countries in Southwest Asia have a ____________________ economy?

• Market Economy

• Traditional Economy

• Mixed Economy

• Command Economy