SW Asia Government & Economy

What is the US's main economic interest in SW Asia?

• Trade Routes

• Terrorism

• Oil

• Agricultural Techology

How are decisions made in a traditional economy?

• combination of consumers & government planners

• custom & habit

• consumers & the market

• government planners

What does Israel specialize in?

• medical technologies

• scientific technologies

• agricultural technologies

• computer technologies

What is Israel's Parliament called?

• National Assembly

• Senate

• House of Commons

• Knesset

How is the leader chosen in a parliamentary system of government?

• By the political party with the most members in the legislature

• By a majority vote of the legislature

• By the national court system

• In a vote by the citizens

How are economic decisions made in a command economy?

• Custom & habit

• Government planners

• Consumers & the market

• combination of consumers & the government

Why do most economies operate in a mixed economy?

• Most consumers want government control of the economy.

• Government control of some aspects of the economy has never been successful.

• Most countries have found they need a mix of free market & government control to be successful.

What system of government does Israel have?

• Parliamentary Democracy

• Presidential Democracy

Why is a tariff sometimes placed on imported goods?

• It's a tax paid by the country selling the good.

• A tariff protects local industries from lower priced goods make in other countries.

• A tax placed on goods made by local manufacturers.

What is an entrepreneur?

• People who save all their money.

• Business people who don't take risks.

• Someone who is willing to take a financial risk and start a business.