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Africa Duplicate of 7th Grade Gov. & Economics Review Flashcards | StudBud
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Africa Duplicate of 7th Grade Gov. & Economics Review
Africa Duplicate of 7th Grade Gov. & Economics Review
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StudBud Administration
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General government and economic terms.
Flashcards
27 cards
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Questions
27
Answers
1
Of the four countries listed, which has the highest GDP?
South Africa
Ghana
Kenya
Mali
2
Why has South Africa made such a big investment in human capital?
schools and universities are free
The United Nations makes them
S. A. has no natural resources so it invests in people
their industries need workers with special skills
3
The leader of a presidential democracy is often called the ...
Prime Minister
Supreme One
President
4
What is human capital?
money that is paid to the workers
skills and knowledge that workers have
taxes collected from the workers
the total amount of goods sold in a year
5
In what area does South Africa specialize in?
oil production
textile manufacturing
diamond and gold mining
Cocoa beans and tea
6
In a democracy how is the leader determined?
Wealth, social position, or military strength
The people vote for him or her.
Heredity
7
All economic systems are ...
Pure Command
Mixed
Pure Market
8
When a country refuses to trade with another country it is called...
tariff
quota
embargo
9
This branch of government passes the laws in a presidential system of government:
judicial
autocratic
legislative
executive
10
How do literacy rates affect the standard of living?
high literacy rates = low standard of living
low literacy rates = people are millionaires
low literacy rates = high standard of living
high literacy rates = higher standard of living
11
The leader of a parliamentary democracy is often called the ...
President
King
Prime Minister
12
What are 3 types of Trade Barriers?
Quotas, Embargoes, Tariffs
Fences, Bridges, Tariffs
Tariffs, Quotas, Fences
13
What is Nigeria's main area of specialization?
iron and steel manufacturing
gold and diamonds
cacao beans
oil production
14
The three types of economic systems are ...
Traditional, Market, Command
Traditional, Mixed, Market
Pure, Mixed, Market
15
In a Command System, economic decisions are based on ...
The government
Traditions and customs
Consumers
16
Most modern economies are considered "mixed" because:
poverty is always highest with market economies
most countries need types of all three economies
government leaders can't handle economic problems
nobody wants products made by a traditional economy
17
Which compares an autocratic gov. to a democratic gov.?
The government has less power in an autocratic system
Citizens can particpate more in a democratic government
They are basically the same
Citizens can participate more in an autocratic government
18
What type of government systems does South Africa have?
Autocratic
Parliamentary Democracy
Presidential Democracy
Command
19
Who makes most of the important government decisions in an autocracy?
The people
The court system
The ruler
20
Why do individuals have more power in a democracy than in other forms of government?
The voters get to choose the people that make the laws.
Kings and Queens do not make good rulers.
Local government and Central governments do not get along.
21
What problems make it hard to help some countries in Africa?
deforestation limits transportation
government instability
citizens do not want anyone's help
anti-African feelings around the world
22
A tax on an import is called...
quota
embargo
tariff
23
The three basic questions all economic systems must answer are:
When, How, and What to produce?
Why, What, and for Whom to produce?
What, How and For Whom to produce?
24
These 2 countries have presidential democracies:
North Korea and Nigeria
Nigeria and South Africa
Kenya and South Africa
Nigeria and Kenya
25
Why do we have to have a system of currency exchange?
To have a way to pay for goods with all different types of $
All currencies are worthless
Everything has to be paid for in the U.S. $
Everyone wants to be paid in gold and silver
26
When companies invest in technology and new equipment what may happen to their revenue?
Another company will take over
The revenue will go up
The revenue will not change
The revenue will go down
27
In a market system, economic decisions are based on ...
the government
consumers
traditions and customs
