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In a traditional economy, the decision to make (or not make) certain products is decided MOSTLY by
Israel
Desalination
OPEC
increasing the number of fish that live in the river.
business owner
Oil prices rise
Tariffs raise prices on imports, while quotas set limits on imports.
custom
Which statement BEST reflects the difference between tariffs and quotas?
Israel
Desalination
OPEC
increasing the number of fish that live in the river.
business owner
Oil prices rise
Tariffs raise prices on imports, while quotas set limits on imports.
custom
Which of these terms is the BEST synonym for the word entrepreneur?
Israel
Desalination
OPEC
increasing the number of fish that live in the river.
business owner
Oil prices rise
Tariffs raise prices on imports, while quotas set limits on imports.
custom
Which Middle Eastern country would you expect to have an economy that is more market-based than command-based?
Israel
Desalination
OPEC
increasing the number of fish that live in the river.
business owner
Oil prices rise
Tariffs raise prices on imports, while quotas set limits on imports.
custom
What organization exists to protect the interests of nations for which petroleum is an important export?
Israel
Desalination
OPEC
increasing the number of fish that live in the river.
business owner
Oil prices rise
Tariffs raise prices on imports, while quotas set limits on imports.
custom
What happens to the price of oil when OPEC countries decide to limit production?
Israel
Desalination
OPEC
increasing the number of fish that live in the river.
business owner
Oil prices rise
Tariffs raise prices on imports, while quotas set limits on imports.
custom
Polluted water from a factory has flowed into a river. The water pollution will affect the river in all of the following ways EXCEPT
Israel
Desalination
OPEC
increasing the number of fish that live in the river.
business owner
Oil prices rise
Tariffs raise prices on imports, while quotas set limits on imports.
custom
One way that wealthier more urbanized countries like Saudi Arabia have dealt with the lack of freshwater is through
Israel
Desalination
OPEC
increasing the number of fish that live in the river.
business owner
Oil prices rise
Tariffs raise prices on imports, while quotas set limits on imports.
custom
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