
Economy Review
Authored by F Cook
History
KG - University
Used 6+ times

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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Nigeria's main export?
Oil
Cotton
Fish
Textiles
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Decisions are based on rituals and customs in this economic system.
Mixed
Market
Traditional
Command
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
South Africa's economy can be BEST described as a
Command economy
traditional economy
pure market economy
mixed market economy
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If OPEC cut oil production what would be the MOST LIKELY effect?
Prices would not change
Oil prices would rise
oil prices would decline
the price for substitute products would decline
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What kind of economic system does North Korea have?
Modern
Market
Command
Traditional
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these would be the LEAST LIKELY to increase human capital?
offering free training seminars for employees
improving access to health care in rural areas
increasing the cost of tuition at public colleges
involving parents in their childrens education
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A quota is a ____________ on imports from foreign countries.
limit
tax
stop
increase
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