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WorksheetsSouthwest Asia Economic Sytems
Total questions: 19
Worksheet time: 10mins
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
Economy based on long-standing customs and values
Market Economy
Traditional Economy
Mixed Economy
Command Economy
Economy that is dictated by government controls and regulations
Market Economy
Traditional Economy
Mixed Economy
Command Economy
Economy based on what customers want to buy and producers want to sell
Market Economy
Traditional Economy
Mixed Economy
Command Economy
Economy that is a blend between a market and a command economy
Market Economy
Traditional Economy
Mixed Economy
Command Economy
It's December in Georgia and many people need snow boots. There are not many boots available in stores. The supply for boots is ____?____.
Low
High
It's December in Georgia and many people need snow boots. There are not many boots available in stores. The demand for boots is ____?____.
Low
High
Scarcity
High amount of a product
Low amount of a product
What is Demand?
When there is not enough of something.
what you give up in order to get what you want most.
the amount of a good or service that is available.
How much people want the good or service.
What is Supply?
When there is not enough of something.
what you give up in order to get what you want most.
the amount of a good or service that is available.
How much people want the good or service.
