stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Africa Economics Quiz Review Flashcards | StudBud
Explore
/
Africa Economics Quiz Review
Africa Economics Quiz Review
10 terms
·
StudBud Administration
·
208 plays
Imported from external platform
Flashcards
10 cards
F
Practice quiz
P
Host live
L
Questions
10
Answers
1
Which term means an economic sanction that restricts all trade with a country?
Quota
Subsidy
Tariff
Embargo
2
What major natural resource does South Africa specialize in?
Lumber wood
Water
Diamonds
Oil
3
Which of these countries is a parliamentary democracy?
South Africa
Nigeria
Kenya
4
Country A has a low GDP. Which choice is most likely the reason why?
They haven't invested enough in human capital or capital goods
They need to decrease their literacy rate
They trade too much with other countries
Their GDP per capita is too high
5
What type of economic system is a blend of both government control and citizen choice?
Market Economy
Democracy
Mixed Economy
Command Economy
6
Citizens in Country A are very educated and are able to get good jobs. What did Country A invest in?
Human Capital
Capital Goods
Instability
Tariffs
7
Which country has invested the most amount of money into human capital?
Nigeria
Egypt
South Africa
8
Which one of these choices is an effect of government instability?
Decreased amount of poverty
Increased amount of illness and death
Increased amount of GDP
Decreased amount of ethnic conflicts
9
Which of these would have the most positive impact on a country's economy?
Decreased literacy rates
Increased number of entrepreneurs
Increased level of government instability
Decreased investment in human capital
10
How are Kenya and Nigeria's government systems similar?
They both specialize in oil
They both have market economies
They both allow citizens to directly elect the president
They are both autocracies
