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Unit 8: Economic Systems of Africa Flashcards | StudBud
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Unit 8: Economic Systems of Africa
Unit 8: Economic Systems of Africa
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Quiz for Unit 8
Flashcards
18 cards
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Questions
18
Answers
1
What natural trade barrier is present in North Africa that makes it difficult to trade?
Sahara Desert
Mount Kilimanjaro
Kalahari Desert
Nile River
2
Entrepreneurs may not risk starting a business in this country due to massive corruption
South Africa
The United States
Nigeria
Canada
3
South Africa could import ________ from Nigeria and export ___________.
Diamonds : Oil
Oil : Diamonds
Oil : Cars
Cars : Oil
4
Tariffs, Quotas, and Embargoes are all examples of
Natural Trade Barriers
Economic Systems
Economic Trade Barriers
Specialization
5
Which trade barrier is described? "The government collects money from taxes placed on imports."
Quota
Tariff
Natural
Embargo
6
Which country would benefit the
most
from increased investment in capital goods?
Israel
Nigeria
South Africa
Kenya
7
Almost all countries have which type of economy?
Mixed
Traitional
Market
Command
8
Which trade barrier reduces or limits the amount of imports coming into a country?
Tariff
Quota
Embargo
Natural
9
Nigeria is a member of the _____________________
League of Nations
Organization of Petroleum Exporting Countries
European Union
African National Congress
10
Which trade barrier was put in place to get South Africa to end apartheid?
Tariff
Physical Barrier
Embargo
Quota
11
In what commodity does South Africa specialize?
Precious Metals
Oil
Diamonds
Motor Vehicles
12
International trade among foreign countries would be impossible without a(n)
Opportunity Cost
Exchange Rate
Market Economy
Command Economy
13
Which African economy leans closest to market on the economic continuum?
Nigeria
South Africa
Turkey
Sudan
14
In what commodity does Nigeria specialize?
Cotton
Diamonds
Oil
Gold
15
The
best
term used to describe uneven scattering of natural resources is?
Currency
Exchange Rate
Unequal Distribution
Scarcity
16
If a country desired to strengthen its economy, it should increase investments in
Capital Goods
Supply & Demand
Maintaining ownership of major industries
Human Capital
17
Which country has most government control in economic decisions?
Nigeria
United States
Kenya
South Africa
18
Which country has a diversified economy due to their variety of valuable natural resources?
South Africa
Sudan
Kenya
Nigeria