High literacy rates usually result in

Low Unemployment Rate, High GDP, Good Standard of Living, Low Poverty Rate

Citizens vote for their leaders

Specialization is when

A country produces what they make best

Why does Nigeria have a high GDP and a high poverty rate?

The money from the oil industry is only given to corrupt politicians

Investments in Human Capital can...

Lead to a higher literacy rate, Lead to a higher employment rate, Increase a country's GDP

GDP or Gross Domestic Product is...

The value of the goods and services produced in a country over a year

Literacy Rate is when

The number of people who can read and write in a country

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Unit 2 Review

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Questions 15

Answers

1
High literacy rates usually result in
Low Unemployment Rate
High GDP
Good Standard of Living
Low Poverty Rate
2
South Africa has what type of government
Dictatorship
Parliamentary
Absolute Monarchy
Presidential
3
Democracy means
Leaders seize control
Leaders are royal by birth
Citizens vote for their leaders
4
Specialization is when
When a country produces all the products they need for themselves
A country produces what they make best
When a country purchases everything they need from other countries
When a country has unique natural resources
5
Why does Nigeria have a high GDP and a high poverty rate?
The money from the oil industry is only given to corrupt politicians
The government spends too much money investing in Human Capital
Many of Nigeria's citizens simply choose not to work
Many Nigerians are failed entrepreneurs
6
Currency Exchange Rate is the difference in value of two different currencies.
True
False
7
A key difference between a presidential and parliamentary government is...
How much power the president has
Who is allowed to vote
Who elects the legislature
Who elects the president
8
In this type of government the legislature is responsible for choosing the president
Dictatorship
Presidential Democracy
Parliamentary Democracy
Oligarchy
9
Nigeria's government instability causes...
equal distribution of the country's wealth
Access to education for all citizens
Widespread poverty
High Literacy rate
10
Investments in Human Capital can...
Lead to higher poverty
Lead to a higher literacy rate
Lead to a higher employment rate
Increase a country's GDP
11
Which of the following is NOT an investment in Human Capital
Providing training for jobs
Building more schools
Upgrading factory equipment
Providing food and welfare programs for the poor
12
South Africa, Nigeria, and Kenya are all presidential democracies
False
True
13
A country's investment in human capital does NOT effect its' GDP
True
False
14
GDP or Gross Domestic Product is...
When a person decides to take a risk and start their own business
The value of the goods and services produced in a country over a year
When the government makes choices about what will be produced in an economy
15
Literacy Rate is when
The number of people who can read and write in a country
The number of people who can read in a country
The number of people who can write in a country
None of the above

Unit 2 Review Flashcards | StudBud