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Unit 9 - Economic Promise vs Hardship in Africa Flashcards | StudBud
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Unit 9 - Economic Promise vs Hardship in Africa
Unit 9 - Economic Promise vs Hardship in Africa
30 terms
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StudBud Administration
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243 plays
Economies of Africa Unit Review.
Flashcards
30 cards
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Practice quiz
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Host live
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Questions
30
Answers
1
Which of these would be an example of
investing in capit
al goods
.
Building schools.
Building better roads.
Hiring more teachers.
Building hospitals.
2
A centralized government authority determines what will be produced.
Market
Mixed
Command
Traditional
3
Which country has the most
mineral
wealth?
Nigeria
Kenya
South Africa
Sealand
4
What type of resource is this?
Human Capital
Natural Resource
Capital Goods
5
What type of resource is this?
Capital Goods
Natural Resource
Human Capital
6
What type of resource is this?
Capital Goods
Human Capital
Natural Resource
7
__________________ encourages trade.
Specialization
Automation
Tariffs
Embargoes
8
What type of
resource
is this?
Natural Resource
Capital Goods
Human Capital
9
Which of these things would
discourage
entrepreneurship in a country
?
Well educated workforce.
Protecting property rights of businesses.
Corrupt government officials who demand bribes.
Having strong, fair courts.
10
What trade barrier is used to make foreign made goods more expensive?
Tariff
Embargo
Quota
Standard
11
What trade barrier is used to limit the quantity of certain products that are imported?
Standard
Embargo
Quota
Tariff
12
Which country suffers from the most
government corruption
?
Kenya
Wakanda
South Africa
Nigeria
13
What type of resource is this?
Human Capital
Capital Goods
Natural Resource
14
How can a country raise its GDP by
encouraging entrepreneurship
?
Add extra government paperwork to start a business.
Protect property rights of businesses.
Move to more of a command economy.
Make it harder to start a business.
15
Which country represented on this line would have the LEAST economic freedom?
Country B
Country A
Country D
Country C
16
Private businesses determine what will be produced, based on supply and demand.
Command
Traditional
Market
Mixed
17
Which of these makes trade between countries much easier?
A system to exchange currency.
Corrupt Governments
A world-wide currency.
Trade barriers
18
Which country has the
strongest
economy?
South Africa
Decatur
Kenya
Nigeria
19
Which country has the most economic
freedom
?
South Africa
Nigeria
Kenya
North Korea
20
Which of these things is most likely to cause GDP to go
DOWN
?
More Specialization
Investing in Capital Goods
Unstable Government
Fewer Trade Barriers
21
The
quality of life
that the average person has in a country.
Per Capita GDP
Standard of Living
GDP
QED
22
Which country benefits from free trade in the East Africa Community (EAC)?
Kenya
Nigeria
Kennesaw
South Africa
23
Which country on this line has LOTS of economic freedom, but also
some
government regulations?
Country A
Country D
Country C
Country B
24
People decide what will be produced, but the government regulates workplace safety.
Traditional
Command
Mixed
Market
25
When Dictator Robert Mugabe spends Zimbabwe's wealth on parties for himself, this leads to:
Lower GDP from too many tariffs.
Higher GDP because they aren't investing in human capital.
Lower GDP because elephants are expensive.
Lower GDP because they aren't investing in human capital.
26
Which of these would be an example of
investing in human capital
?
Upgrading factories.
Improving the electrical grid.
Hiring more doctors.
Building new roads.
27
Which of these things is associated with a high standard of living?
Low literacy rate.
Lots of trade barriers.
High taxes.
High literacy rate.
28
Which country has an economy that is dependent on
oil
?
Kansas
Nigeria
South Africa
Kenya
29
What type of resource is this?
Human Capital
Natural Resource
Capital Goods
30
How does owning
land
reduce poverty?
People can grow crops on that land to earn money.
People like to pay taxes on land.
People will respect you more if you have land.
People can sell the land to make money.
