Economic Systems of Africa

What are some of the commercial uses of uranium?

In which has Nigeria invested heavily in capital goods?

Person who takes their ideas, inventions, risks to invent something or start business is a(an)

If economic decisions are based on culture passed down from generations, which economic system?

Most modern countries have a

The type of money a country uses is called its 

What becomes of much of the money earned from the sale of African gold and diamonds?

Whateconomic system allows people to make their own economic choices based onsupply and demand?

What are capital goods?

One way a country can invest in its human capital is by

Thetotal market value of goods & services produced by country’s economyduring a year is called

Often,if a country’s literacy rate is low its _______ is/are also low.

What is a literacy rate?

Human capital plays a role in economic growth. Education of the citizens in country is low then

What is human capital?

A government will sometimes put a tax on imports. This type of trade barrier is called a(n)

A tariff is an example of a(n)

Which continuum shows a mixed economy?

I have a great idea for a business, I  get a loan, open my store and sell my goods. Who am I?

When the demand for a product is high how is price affected?

A government order, due to political reasons, that forbids trade with other countries is a(n)

Which African country has 40 % of the world's gold supply?

What is GDP per capita?

Which is not one of the three basic economic questions?

Government  limits quantity of imports allowed in a country. What type trade barrier is this?