Africa Economics Review

Front

In a traditional economy, how are economic decisions made?

Back

Custom and habit

Front

Who takes on the financial risk in starting a new business in a market economy?

Back

Individual business people

Front

What is South Africa’s main export? Options: Oil, Textiles, Gold and diamonds, Agricultural products

Back

Gold and diamonds

Front

Which country has the largest per capita GDP? Options: Nigeria, South Africa, GDP information is not available, The GDPs are almost all the same.

Back

South Africa

Front

Why did a number of the countries of the United Nations have an embargo on South Africa?

Back

They wanted South Africa to end its system of apartheid.

Front

Which is part of a country’s human capital?

Back

Skills and knowledge workers have

Front

What are capital goods?

Back

The factories and machines used to make goods.

Front

What is Nigeria’s main export?

Back

Oil

Front

What economic problem is South Africa currently facing?

Back

High unemployment rates

Front

What is an example of a physical trade barrier in Africa?

Back

The Sahara desert