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"Look at the economic continuum. Then answer the question that follows.

Pure Market Economy
Pure Command Economy
III III
Where do Israel, Saudi Arabia, and Turkey fall on the on the economic continuum?
A. I: Saudi Arabia; 11: Turkey, III: Israel
B. I: Turkey, Il: Israel; III: Saudi Arabia
c. 1: Israel II: Turkey, Ill: Saudi Arabia
D. Israel II: Saudi Arabia, Ill: Turkey"

User LeviX
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1 Answer

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Final answer:

Israel is closer to a market economy, Saudi Arabia has more command economy characteristics, and Turkey is in between with a mixed economy that tends towards market-orientation. Option C is correct.

Step-by-step explanation:

The economic continuum from a pure market economy to a pure command economy depicts where countries are positioned based on their economic systems. On this spectrum, countries implement a mixed economic system which contains features from both ends of the spectrum. Israel, Saudi Arabia, and Turkey all have mixed economies, but they vary in terms of market-orientation and government control.

Considering the types of economic systems, Israel tends to lean towards a market economy with significant technology and industrial sectors, as well as a high degree of participation in international trade. Saudi Arabia largely has a command economy where the government has a significant say, mainly due to its dominance in the petroleum sector. Turkey similarly has a mixed economy that has been undergoing reforms moving towards a market-based system.

Therefore, the correct placement on the economic continuum would be: I: Israel, II: Turkey, III: Saudi Arabia. Hence, the correct option is C.

User Dinotom
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