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Unit 3 Review Game!!!
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Traditional, Command, Market
What are the 3 types of economic systems? Traditional, Command, Market
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Iraq What is the name of this country?
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What is a Traditional Economic System?
Economic system where nothing changes or modernizes, bartering is used and is in very poor areas.
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What is a Command Economic System?
Economic system where the government controls/owns businesses and land.
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What is a Market Economic system?
Economic system where people can own businesses and make decisions for themselves.
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What type of economic system to most countries in the world today have AND why?
Mixed because you have to have a little bit of government control mixed in with private ownership.
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Mixed (mostly command)
What kind of economic system does Saudi Arabia have (be specific). Mixed (mostly command)
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Mixed (mostly command)
What kind of economic system does Turkey have (be specific)! Mixed (mostly command)
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What kind of economic system does Israel have (be specific)!
Mixed (mostly market)
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Who was the “father” of Judaism?
Abraham
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What does OPEC do? Set and controls the price of Oil
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What happens to the price of oil when OPEC countries decide to reduce production of oil?
Oil prices rise.
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Parliamentary Democracy
What type of government does Israel have? Parliamentary Democracy
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Iran What is the name of this country?
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What kind of government does Saudi Arabia have? Absolute Monarchy
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King or Queen has TOTAL control of a country (they are an autocrat)
What is an Absolute Monarchy? King or Queen has TOTAL control of a country (they are an autocrat)
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What kind of government does Iran have?
Theocratic Republic
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When a country’s government is ran by religion.
What is a Theocratic Republic? When a country’s government is ran by religion.
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What is a Unitary government?
Central government has most of the control & local has a little control
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A person who takes a risk by starting their own business is known as this.
An Entrepreneur
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Central & local government split the power
What is a federal government? Central & local government split the power
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When one person rules a country with complete power!
What is an Autocratic government? When one person rules a country with complete power!
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What is an ethnic group? A group of people who share similar culture, language, religion, and where they live.
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Afghanistan What is the name of this country?
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What is the difference between a Parliamentary Democracy & a Presidential Democracy?
Parliamentary the Prime Minster helps make laws with the legislature & Presidential the President does NOT make laws with legislature
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Trade, so you can buy and sell goods!
What is the purpose of countries having an exchange rate with their currency? Trade, so you can buy and sell goods!
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A decision by one country to eliminate all exports and imports with another country.
EMBARGO
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What country in the Middle East has the most progressive & successful economy?
Israel
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What is the most dominant ethnic group in the Middle East?
Arabs
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Saudi Arabia What is the name of this country?
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What TWO leaders are in Iran?
President & Ayatollah
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What is a natural trade barrier AND what is an example of one?
Something found in nature that makes trading difficult. Examples: Rivers, Mountains, Deserts, Ice Bergs, etc.
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What type of economy does Israel have (be specific)?
Mixed (mostly market)
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What leader is ELECTED in Iran?
President!
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Because of the Holocaust, they needed a “home”
Why was Israel created for the Jews in 1948 by the United Nations? Because of the Holocaust, they needed a “home”
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What country in the Middle East has a Democracy?
Israel
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The Mediterranean Sea What is the name of this body of water?
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What country in the Middle East has an Absolute Monarchy?
Saudi Arabia
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What country in the Middle East has a Theocratic Republic?
Iran!
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What organization created Israel for the Jews in 1948?
United Nations
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What is an example of Jewish Nationalism?
Zionism
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What is Zionism? The Jewish movement for the Jews to start taking back their Holy Land in Palestine (Israel).
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Strait of Hormuz & Arabian Sea
What are the first TWO bodies of water oil has to travel through once it is taken from the Persian Gulf? Strait of Hormuz & Arabian Sea
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Where is Mecca? Saudi Arabia
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What are the 3 holy texts for Judaism, Christianity, and Islam
What are the 3 holy texts for Judaism, Christianity, and Islam? Torah/Hebrew Bible, Bible, and Qur’an
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What is it called when one country relies on another country for goods, services, or natural resources? Interdependence
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What two rivers are in IRAQ?
Tigris & Euprates
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Political Trade Barriers
Quotas, tariffs, and embargos are all examples of what kind of trade barriers? Political Trade Barriers
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Tax on imports and exports
What is a tariff? Tax on imports and exports
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Limit on the amount of imports and exports
What is a quota? Limit on the amount of imports and exports
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Arabs, Kurds, Persians, Jews
What 4 ethnic groups are in the Middle East? Arabs, Kurds, Persians, Jews
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All over M.East & Northern Africa
Where do Arabs live? All over M.East & Northern Africa
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Persians live in what country?
Iran
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Where do Kurds live? Turkey, Iraq, and Iran
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Persian Gulf War (Operation Desert Storm)
What war started when Saddam Hussein (Iraq) invaded Kuwait for oil? Persian Gulf War (Operation Desert Storm)
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Total amounts of goods & services produced in a country in a year
What is the definition of GDP? Total amounts of goods & services produced in a country in a year
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If your country’s GDP is high or low what can that tell you about a country?
The standard of living
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Where in the world will you find a Traditional Economic System?
In VERY poor areas/regions. NO country has one
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If religion runs your country, you live under what kind of government?
Theocracy
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What is specialization?
When your country is really good at making something (a good or product)
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Land, Water (resources), and Religion
Why do the Arabs and Israelis argue today? Name 3 things. Land, Water (resources), and Religion
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Water, because it’s mostly desert!
What resource is Scarce in the Middle East? WHY?? Water, because it’s mostly desert!
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1. What to produce, 2. How to produce, & 3. For whom to produce for
What THREE questions must all countries & businesses ask themselves when making a good or product? 1. What to produce, 2. How to produce, & 3. For whom to produce for
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Final Jeopardy Time. Pick ONE person to answer the final question
Final Jeopardy Time!!! Pick ONE person to answer the final question. Decide, as a team, how many points you want to wager!
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