Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

SW Asia Economies

1.5 SW Asia Middle East Economies

TermDefinition
Command Economy An economy in which a government-planning group makes most of the basic economic decisions for the workers.
Embargo A trade barrier in which one country announces that it will no longer trade with another country in order to isolate and cause problems with that country’s economy
Entrepreneur a person who risks money, time, ideas, and energy to start and run a business.
Gross domestic Product (GDP) The total value of all the final goods and services produced within a nation in a given year
Human Capital The knowledge and skills that make it possible for workers to earn a living producing goods or services.
Literacy Rate The amount of people (ages 15 and up) in a country that are able to read and write.
Market Economy An economy in which a society’s economic decisions are made by individuals who decide what to produce and what to buy
Mixed Economy An economy that has characteristics of both market and command economic systems.
Quota A way of limiting the amount of foreign goods that can come into the country. (A trade barrier)
Specialization Those products a country makes best and that are in demand on the world market.
Tariffs A tax placed on goods when they are brought into one country from another country. ( A trade barrier)
Traditional Economy An economy in which most of the economic decisions that are made are based on customs and habits of the past.
Capital Goods Factories, machines, technologies, buildings, and property needed for a business to operate
OPEC Organization of Petroleum Exporting Countries-group of countries that export oil to other countries
Currency Something that is assigned value and can be used to purchase goods and services in a market
Bartering A system of exchange where one good or service is given in return for another
Natural Trade Barriers found in nature: examples include mountain ranges, deserts, rainforest, or lack of access to bodies of water.
Political Trade Barriers Policies passed by a government to regulate trade.
Created by: shmsz
Popular Social Studies sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards