Economic Systems Quiz

Government control of what and how to produce, and for whom to produce it is which type of economic system?

• Market

• Mixed

• Command

• Traditional

When private businesses make decisions based on supply and demand, it is which type of economic system?

• Command

• Market

• Mixed

• Traditional

A mixed economic system is when both private businesses and the government make the economic decisions. Which country is considered to have a mixed market system?

• Saudi Arabia

• Israel

• Turkey

• Iran

Which Middle East country has the least amount of government control over its economy?

• Saudi Arabia

• Turkey

• Israel

• Iran

Which Middle East country has the most amount of government control over its economy?

• Saudi Arabia

• Turkey

• Israel

• Iran

Which country is described as having very few natural resources, making trade important?

• Saudi Arabia

• Turkey

• Israel

• Iran

Which country’s biggest natural resource is arable land for farming?

• Saudi Arabia

• Turkey

• Israel

• Iran

Which country exports oil all over the world and has embargos on pork, used clothes, and used cars?

• Saudi Arabia

• Turkey

• Israel

• Iran

What is the currency of Turkey?

• Shekel

• Riyal

• Lira

• Dinar

What is the currency of Israel?

• Shekel

• Riyal

• Lira

• Dinar