African Economic Systems
Authored by Susannah Closson
Other, History
KG - University
Used 152+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which describes how MOST countries around the world answer basic economic questions?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
South African economic policy is conservative focusing on controlling inflation, maintaining a budget surplus, and using state-owned enterprises to deliver basic services to low-income areas as a means to increase job growth and household income. However companies are free to choose what to produce, how to produce, and for whom to produce. Where does this policy place South Africa on a continuum between pure market and pure command?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If Nigeria passed a law that taxed all imports from Kenya, this would be known as
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Under which economic system does the government make almost all of the economic decisions?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which statement would a researcher use to prove South Africa is more related to a market economy than a command economy?
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Nigeria has large deposits of oil and is currently exporting a significant quantity of oil. However, Nigeria has very few industries outside of oil and no other significant natural resources. How does this impact Nigeria's GDP?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Most African nations depend on foreign trade with many nations to provide things which are not made in their country. Which of these makes foreign trade with many nations easier?
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