Africa Economics

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

How does voluntary trade help the economy?

Back

It encourages specialization and usually means more profit.

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

Which Best describes income?

Back

Money you earn working or get from investing

Front

What is the definition of savings?

Back

Money left over after buying what is needed and wanted.