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Over 95% of the oil in Saudi Arabia is controlled by the government. This element of Saudi Arabia's economy shows that the oil industry is most likely which economic system?
command
Most of the oil production is controlled by the government.
market
the central government
Israel
command
market
Iran
In a command economy, how are the prices of goods and services determined?
command
Most of the oil production is controlled by the government.
market
the central government
Israel
command
market
Iran
Communism and socialism are usually found in what type of economic system?
command
Most of the oil production is controlled by the government.
market
the central government
Israel
command
market
Iran
It’s major industry include high-technology products
command
Most of the oil production is controlled by the government.
market
the central government
Israel
command
market
Iran
Since the early 1980's, Saudi Arabia has made significant effort to attempt to have more privately owned businesses. This shows that Saudi Arabia's economy has attempted to move toward which economic system?
command
Most of the oil production is controlled by the government.
market
the central government
Israel
command
market
Iran
) In this type of economic system, the production of goods and services is controlled solely by the concept of supply and demand, businesses are operated for profit, and the government is not involved.
command
Most of the oil production is controlled by the government.
market
the central government
Israel
command
market
Iran
Which Middle Eastern country would you expect to have an economy that is more command-based than market-based?
command
Most of the oil production is controlled by the government.
market
the central government
Israel
command
market
Iran
Which statement about Saudi Arabia's economy is TRUE?
command
Most of the oil production is controlled by the government.
market
the central government
Israel
command
market
Iran
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