Economics

The economic system in which decisions are made based on custom and habit.

• Traditional Economy
• Command Economy
• Market Economy
• Mixed Economy

In what type of economy do citizens make decisions about the production, distribution, and consumption of goods and services?

• Traditional Economy
• Command Economy
• Market Economy
• Mixed Economy

All countries have this type of economy.

• Traditional
• Command
• Market
• Mixed

The African country whose economy is closest to pure market.

• Nigeria
• South Africa
• Kenya
• Egypt

In a command economy, the government makes the economic decisions.

• True
• False

Traditional economies use a lot of technology.

• True
• False

Many countries in Africa have aspects of a traditional economy.

• True
• False

South Africa specializes in ____.

• Oil
• Diamonds
• Uranim
• Technology

Nigeria specializes in _____.

• Oil
• Diamonds
• Gold
• Technology

The state of having a limited number of resources to produce the things that people need is called _______.

• economics
• labor
• scarcity
• business