Economic System based on customs and habits from the past

Economic system where government planning groups make the decisions

Economic system that has characteristics of both market and command economies

Economic system where the individual makes the decisions

Israel specializes in _____________

Saudi Arabia specializes in _______________

What is a quota?

What is a tariff?

What is an embargo?

When OPEC reduces the supply of oil, what does the price do?

Why is a system to exchange currency between countries important?

Total value of all goods and services produced by a country in a year

Person who takes a risk to start a business or create a new product

Why did the U.N. put an embargo Iraq after the Persian Gulf War?

What happens to GDP if you invest in capital goods and human capital?

Why do the Israelis invest so much in technology?

Improving the education, healthcare, and job training of the workers is called _______

Which Middle Eastern countries are NOT major exporters of oil?

Improving vehicles, factories, and computer systems are all examples of ___________.

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