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Explain the Ethnic Complexity of Phoenicia and Israel in Map

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Essay

Explain the ethnic complexity of Phoenicia and Israel in Map (in the textbook) 3.4. Does the geography and ethnic composition of the region explain the political development of the state of Israel?


Definitions:

Cash Equivalent

Assets that are easily convertible into cash with little to no risk of change in value.

Price Ceiling

A legal maximum price that can be charged for a particular good or service to prevent prices from becoming too high.

Implicit Tax

A non-legislative effect that decreases the benefits of certain financial choices because of opportunity costs or market adjustments.

Market Equilibrium

The price at which quantity supplied equals quantity demanded.

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