| A | B |
|---|
| Entrepreneurs | Operates favorably with private property and strong stock market |
| Saudia Arabia | Country whose oil industry is government controlled. |
| Oil | Saudia Arabia is sensitive to changes with this resource |
| Unequal Distribution of Oil | Contributed to violent conflicts between nations |
| Israeli Businesses | Have more modern capital goods than Iraq |
| Investment in Capital Goods | Would help a country struggling to Industrialize |
| Investments in Human Capital | Would provide the labor force with important skills |
| High Rate of Unemployment | Could be helped with increasing investments |
| Educated Populations | Have a higher standard of living than uneducated populations |
| Being Literate | Helps compete for high paying jobs |
| OPEC | Work together on oil policies |
| OPEC Member Nations | Have ownership of their natural resources |
| Monetary Exchange Systen | Is needed because each nation in the region uses its own form currency |
| Currency Exchange Rate | Allows a country to calculate the value of its money relative to another |
| Embargo | ban on trade of a good |
| Quota | limit on imported goods |
| Tariff | tax on imported goods |
| Specialization | Produce what you are good at and what's needed |
| Efficiently | Specialization provide for this type of production |
| Technology | Its investment helps Israel because of the country's small size |
| Mixed Economy | A country that uses government control and private businesses |
| Traditional Economy | Economy least likely to produce a surplus of goods |
| Pure Command Economy | Saudi Arabian Oil and Enery Resources are an example of this economy |
