Middle East Economy Review

Match it! Select the correct answer from the pull down...Good luck!

Which trade barrier is where a limit is put on the amount of goods that can be imported in order to make domestic goods more favorable to consumers?

Which trade barrier completely forbids or bans trade with another country usually because of political reasons?

Which trade barrier involves taxing imported goods to make domestically produced goods more favorable to consumers?

Saudi Arabia has been definitely benefited from the discovery of oil. Which facts supports this statement?

Which statement most accurately describes a command economy?

What does O.P.E.C. stand for?

The government controls most of the oil industry in this country.

Which of the following is NOT a way to improve a country's GDP?