In a command economy, how are the prices of goods and services determined?

Communism and socialism are usually found in what type of economic system?

) 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.

In a traditional economy, the decision to make (or not make) certain products is decided MOSTLY by

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?

Since the early 1980's, Turkey has made significant strides in moving away from government run businesses and toward privately run businesses. This shows that Turkey's economy has made a move in which direction?

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?

In the Kingdom of Saudi Arabia the government controls every aspect of oil production which makes up the majority of the country's economy. While there is some private businesses, oil is most of economy. This can be described as

Which Middle Eastern country would you expect to have an economy that is more command-based than market-based?

It’s major industry include high-technology products

Which statement about Saudi Arabia's economy is TRUE?

Mikhail sells products on eBay from his home in Israel. Ihsan buys products on eBay from his home is Saudi Arabia. What makes this form of international trade easier?

If OPEC decided to cut oil production for the coming year, what would be the MOST LIKELY effect?

The price of one nation's currency in terms of another nation's currency is called

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