Middle East Government and Economics review

Which statement is NOT true of an autocracy?

• Personal freedoms are severely restricted.
• The legislature can remove the leader.
• Those who oppose the government can receive harsh punishments.
• All policies and decisions are made by the government.

An example of an entrepreneur is

• someone who is president of a country.
• someone who works at a coffee shop.
• someone who makes and sells a rug.
• someone who works on an oil rig.

GDP is

• total value of goods and services a country produces in a year.
• number of people over age 15 that can read and write.
• average worker's salary in a country per year.
• number of products a country produces in a year.

Why is it necessary to have a system to convert from one currency to another?

• Banks can't handle different kinds of currency.
• Converting to different currencies makes goods cost less.
• It allows for trade between nations with different types of money.
• The dollar is the most valuable currency in the world.

Why is it beneficial for a country to have a diversified economy?

• It provides for equal opportunity for all workers.
• The country will provide more jobs.
• The country only focuses on 1 activity for income.
• If 1 industry fails, then there are other economic activities to rely on for income.

Israel's economy is dependent on all of the following except:

• cutting diamonds
• tourism
• producing high-tech equipment
• refining oil

Which economic indicator gives us information about health care available in a country?

• literacy rate
• life expectancy
• per capita GDP
• economic freedom index

What type of government does Israel have?

• parliamentary democracy
• presidential democracy
• absolute monarchy
• theocracy

In which type of government is the leader elected by popular vote?

• monarchy
• parliamentary democracy
• presidential democracy
• theocracy

If a government does very little to limit personal or economic freedoms, it is closest to which type of economy?

•  traditional economy
• market economy
• command economy
• socialist economy