SW Asia Economics Study Guide
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Assessment
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Debra Bates
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History
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7th Grade
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498 plays
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Medium
Student preview
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25 questions
Show answers
1.
Multiple Choice
It decreases
It increases
It stays the same
2.
Multiple Choice
It decreases
It increases
It stays the same
3.
Multiple Choice
Which Middle Eastern economy has the most free (from government control) mixed economy?
Israel
Turkey
Saudi Arabia
None of the above
4.
Multiple Choice
What is specialization?
Producing all goods that the country needs so that trade with other countries isn't necessary.
Trying to avoid investing in capital goods because it's too expensive
Producing goods a country can make most easily so that they can trade for goods that they can't produce locally.
Directly trading good with another country without having to use money.
5.
Multiple Choice
Why is specialization so valuable to international trade today?
Most countries only make one produce really well.
Specialization allows people to do a more efficient job at producing what they make best and trade for things they need.
It keeps the prices low on imported goods.
It limits the amount of agriculture a country allows.
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