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Unit 3 – Middle East Government & Economics Review Game. Why do countries need to convert currency when trading with another country?. Converting to different currencies makes it possible to buy & sell goods between nations with different types of money.
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Why do countries need to convert currency when trading with another country? Converting to different currencies makes it possible to buy & sell goods between nations with different types of money.
Why do most countries have a mixed economy Most countries have found they need a mix of free market & govt. control to be successful & to protect consumers.
What are two main resources important to Saudi Arabia’s economy? Oil & Natural Gas
What is the main function of OPEC? To control the supply of oil.
What is an entrepreneur? A person who takes risks by starting a new business
What is an example of a natural trade barrier? Deserts, mountains, lack of bodies of water
What form of government does Saudi Arabia have? Absolute Monarchy
What is an embargo? A stop on trade
What is GDP? (Gross Domestic Product) The total amount of goods and services produced in a country in one year.
What type of government does Israel have? Parliamentary democracy
Why did the invade Afghanistan in 2001? They believed the government was offering safety to Al-Qaeda, the organization that attacked the US on 9/11/01.
Israel What is the name of this country?
Tigris River What is the name of this river?
Iraq What is the name of this country?
Iran What is the name of this country?
In a Unitary form of government how is power distributed? The Central Govt. has most of the power, & the local govt. has just a little power.
What world organization created the new state of Israel in 1948, as a homeland for the Jews? The United Nations
What type of government does Iran have? Islamic Republic
Afghanistan What is the name of this country?
What was the international movement that called for the establishment of a Jewish national or religious community in the land of Palestine?? Zionism
What narrow strait connects the Arabian Sea to the Persian Gulf & is vital to trading oil throughout the world? • The Strait of Hormuz
What modern day country is the home to those who call themselves Persians? • Iran
Saudi Arabia What is the name of this country?
Countries with high literacy rates have.... • Higher Standard of Living
What is the most dominant ethnic group in the Middle East? • Arabs
What type of economy does Turkey have? • Mixed with some market
What is a theocratic republic? • It has both an elected representatives & a government based upon religion.
The Mediterranean Sea What is the name of this body of water?
If a country does NOT invest in its human capital, how can it affect the country’s gross domestic product? • GDP may go down
When a country is really good at developing a product • Specialization
A country who has a government run by a religion is referred to as a _____. • Theocracy
what 3 economic questions all economies answer? • What to produce? • How to produce? • For whom to produce?
Israel’s economy tends to lean more towards what type of economic system? • Market
What kind of economic system does Saudi Arabia have? • Mixed...with some Command
What country in the Middle East has the most successful economy? • Israel