What are the three economic questions that every country must answer?

What type of economic system do most democratic countries have?

An economy in which most of the economic decisions that are made are based on custom and on the habit of how such decisions were made in the past.

Government planning groups make the basic economic decisions such as which goods and services to produce, prices, and wage rates

What type of trade barrier involves adding a special tax on imported goods?

What trade barrier restricts the quantity of an item that is brought into a country?

What trade barrier is a restriction on or forbids trade with a country or a product?

Which country has the most diversified economy in the Middle East?

What economic challenges is Saudi Arabia facing?

What type of economic system is found in the Turkey?

How did the United Nations punish Iraq when it invaded Kuwait in 1990?

Why has the US placed several embargoes against Iran over the past two decades?

What is OPEC’s function?

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