SW Asia Economy

Flashcard
•
Geography
•
7th Grade
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
What are the 3 basic economic questions that all economic systems must answer? Options: What to produce, how to produce it, and for whom to produce the goods, When to produce, why to produce, and how long to produce, To what extent to produce, how much to produce, why to produce, What to produce, why to produce, and how much to produce
Back
What to produce, how to produce it, and for whom to produce the goods
2.
FLASHCARD QUESTION
Front
The economies of Israel, Saudi Arabia, Turkey, and Iran could be best described as
Back
Mixed Market
3.
FLASHCARD QUESTION
Front
In a market economy, who makes the economic decisions? Options: subsistence farmers (grow just enough to feed family), custom and habit (do what ancestors did), government planners (public control), people (productions based on supply and demand)
Back
people (productions based on supply and demand)
4.
FLASHCARD QUESTION
Front
Which industry does Saudi Arabia's government specialize in? Options: Oil, technology, agriculture, textile manufacturing
Back
Oil
5.
FLASHCARD QUESTION
Front
If a country does not invest in its human capital, how can it affect the country's gross domestic product (GDP)?
Back
GDP may go down because poorly trained workers will not be able to do their jobs well.
6.
FLASHCARD QUESTION
Front
Which of these Southwest Asian nations has the MOST secure and reliable access to water? Iraq, Kuwait, Israel, Turkey
Back
Turkey
7.
FLASHCARD QUESTION
Front
In this economy, the government produces its signature brand of shoe-flavored chips and determines that it will be sold in all stores for $1.25 per bag. Which type of economy is this?
Back
Command Economy
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