What does economic speciaization allow a country to do?

OPEC was created to regulate supply and price of oil. When they reduce the supply, the price does what?

Why do most economies operate somewhere between market and command economy?

Saudi Arabia specializes in _______ and ______________.

Why is a system to change currency important?

Which country has NOT moved to a more market economy?

Israel specializes in ___________

Why do the Israelis invest so much in human capital?

What happens to GDP if you increase the amount of investment in capital goods or human capital?

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

Do trade barriers ever change or do they stay the same?

Which of these countries is not a major exporter of oil?

Where are most of the nations in OPEC located?

Economic system where the individual takes the financial risk

Economic system where the individual makes the decisions

Economic system where government planning groups make the decisions

Economic System based on customs and habits from the past

2. Economic system that has characteristics of both market and command economies

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