Economy with centralized (government) decision making
Saudi Arabia has made efforts to have a more ____ economy, with privately owned businesses
Tariffs raise prices on imports, while ___ set limits
This country has moved from command to market and the economy is improving
How decisions are made in a traditional economy
As literacy rates increase, this also rises within the country
One of the four factors of production
Equipment and factories needed to produce goods are factors of __________
Lack of water would ____ the growth of cities in SW Asia
Countries with limited fresh water supplies utilize this process
Determines the amount and price of oil
Type of government associated with command economies
Down
A resource in which nations must reach agreements on how to ensure fair access for all
Isolating another nation by stopping trade
Producers and consumers have control of the economy
Countries with low standard of living and low GDP are considered ____
Entrepreneurs often times own their own ____
If OPEC cut production, these prices would rise
The per capita GDP can indicate a country's ___ __ ____
Prices are determined by supply and demand
Investing in human capital and physical capital causes the GDP to ___
Country with a high literacy rate, no oil, but high GDP
Government determines prices
Limits imports
Largest sector of Israel's economy
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