Southwest Asia’s Economies: Anticipation Guide Directions: You will make predictions the answers to the following questions BEFORE learning about this unit. Write the letter of the vocabulary term that matches the definitions below. A. Entrepreneur B. Human Capital C. Market D. Command E. Capital Goods Economy F. Mixed Economy G. Specialization H. GDP I. Tariff J. Quota K. Traditional L. Literacy Rate M. Natural N. Trade Barriers O. Embargo Economy Resources ______In this economic system, decisions are made by private citizens with no government regulation. ______Someone who is willing to take a risk to a new business ______Factories, machinery, and technology available in a country ______Producing goods a country can make most easily so they can trade them for goods made by others that cannot be produced locally ______A ban on trading with a particular country for economic or political reasons. ______A on the amount of imported goods ______The ability of the people over the age of 15 to read and write ______Policies that limit the ability of a country to trade with other countries. ______Gifts of nature this economic system, decisions are based on customs and beliefs of their ancestors tax that is placed on imported goods total value of all goods and services produced within a country in a single year economic system is a blend of command and market systems. skills, and training the workers have this economic system, the government makes all economic decisions. Answer Key
Southwest Asia’s Economies: Anticipation Guide Directions: You will make predictions the answers to the following questions BEFORE learning about this unit. Write the letter of the vocabulary term that matches the definitions below. A. Entrepreneur B. Human Capital C. Market D. Command Economy E. Capital Goods F. Mixed Economy G. Specialization H. GDP I. Tariff J. Quota K. Traditional Economy L. Literacy Rate M. Natural Resources N. Trade Barriers O. Embargo ______In this economic system, decisions are made by private citizens with no government regulation. ______Someone who is willing to take a risk to a new business ______Factories, machinery, and technology available in a country ______Producing goods a country can make most easily so they can trade them for goods made by others that cannot be produced locally ______A ban on trading with a particular country for economic or political reasons. ______A on the amount of imported goods ______The ability of the people over the age of 15 to read and write ______Policies that limit the ability of a country to trade with other countries. ______Gifts of nature this economic system, decisions are based on customs and beliefs of their ancestors tax that is placed on imported goods total value of all goods and services produced within a country in a single year economic system is a blend of command and market systems. skills, and training the workers have this economic system, the government makes all economic decisions. Answer Key
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