Type of economy that depends on agriculture and bartering, where decisions are based on customs, beliefs or habits.

An economic system that has characteristics of both command and market economies.

Economy where decisions are made at an individual, rather than a government, level. (Individuals and corporations own most businesses and farms)

An economy where production, investment, prices, and incomes are determined centrally by a government.

_____________________ is when a country focuses on producing goods and services that they can do best and trades for what they are unable to produce.

A tax paid on imported goods.

A government order stopping trade with another country.

A specific limit placed on the number of imports that may enter a country.

The percentage of people in a country who are 15 years and older and are able to read and write.

Total value of final goods and services produced within a country in one year.

The knowledge, skills, and experience of workers in a business, workforce, people who produce the goods and services.

Where on the economic continuum is Saudi Arabia found?

Man made tools tools and machinery that are used by a business to produce goods and services.

Which Middle Eastern economy has the most free (from government control) mixed economy?

Saudi Arabia specializes in the production of:

Why has Israel specialized in the area of technology?

The economies of Israel, Saudi Arabia, and Turkey can best be described as:

Which of the following would reflect Israel's mixed economy?

Which characteristic BEST describes Turkey's economy?

Which country in Southwest Asia has a system that allows for the most individual economic freedom in the region?

Nations with more economic freedom tend to correlate to what type of government?

Governments with low citizen freedom tend to correlate to economies with low economic freedom.

The relationship between the literacy rate and standard of living in Southwest Asia is ____________.

Tariffs and quotas are alike because they both _________.

Which of the following is an economic system in which the government and people are used to decide how to use scarce resources?

Which of the following is an economic system in which economic decisions are made according to tradition & culture?

What is an economic system where only the government makes the economic decisions?

What type of economy do most countries in the world have?

The country of North Korea has a dictator that makes all of the economic decisions. What type of economy is this?

The government has little to no role in the production of goods in this type of economy.

I am a farmer in a rural village, and have always traded for my goods. I have a _____ economy.

The government gets to decide who gets what

Based on traditions

The goods produced will be the same, generation after generation

Businesses have freedom to produce whatever they think consumers will buy

Business FREEDOM

A command economy is when the government is in control.

Bartering can be seen in which type of economy?

Government planning groups make the basic economic decisions such as which goods and service to produce, prices and wage rates.

,In my country, the government tells me where to work.

In a command economy, who holds power over the economy?

An economic system in which people usually produce just what they need to survive.