| Question | Answer |
| Define Economy | a
|
Define Command Economy | An
| Define Market Economy | An
| Define Traditional Economy | An
| Define Mixed Economy | An
| Define Specialization | the
| Define Trade barrier | anything
| Define Tariff | a
| Define Quota | a
| Define Embargo | a
| Define Currency | something
| Define Capital Goods | the
| Define Entrepreneur | creative
| Define Gross Domestic Product (GDP) | the.
| Define Organization of Petroleum Exporting Countries (OPEC) | i
| Define Bartering | tr
| What are the three economic questions that countries must answer when creating an economic plan | What
| What are decisions based on in: Traditional economy, Command economy, and Market economy | Tra
| How many true market economies are found in the world today | 0
| How many true command economies are found in the world today | 0
| In a command economy what four things does the government do | O
| What type of economy do you find in Turkey, Israel, and Saudi Arabia | Mixed
| What country in the Middle East has the most diversified economy | Israel
| Since Saudi Arabia became a country in 1932 what economic systems has it had | a
| What struggles do each of the three countries (Turkey, Israel, Saudi Arabia) face dealing with their economy | Isr
| The 5% tax placed on items being shipped from Brazil the United States,What is this an example of | Tariff
| Italy is only allowed to import 500 Nike Shoes from China,What is this an example of | Quota
| Australia will not import cat food from India because India does not have safety regulations on how the food is produced and the food they were buying is making cats sick, What is this an example of | Embargo
| Sheetul goes out and hunts for dinner for his next family’s meal. He hopes he will catch something tonight, What is this an example of | Tradition economy
| The Sony Corporation wants to release a new, more innovative TV than ever before! Sony doesn’t have to ask the central government if they have to pay a tax on this new product, what is this an examole of | Market Economy
| Johnny lives in a democratic nation, but the government still regulates certain industries like the postal service and military, what is this an example of | Mixed Economy
| The government tells Maria that her occupation is to hand-make cigars.The government makes all the economic decisions for the country, what is this an example of | Command Economy |
