Economics of Africa Test

Economics of Africa Test

7th Grade

30 Qs

quiz-placeholder

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Economics of Africa Test

Economics of Africa Test

Assessment

Quiz

Other Sciences, Other

7th Grade

Practice Problem

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Created by

Nancy Probst

Used 155+ times

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a traditional economy how are economic decisions made?

custom and habit
government leaders
consumers and planners

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a command economy how are economic decisions made?

custom and habit
government leaders
consumers and planners

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a market economy how are economic decisions made?

custom and habit
government leaders
consumers and the market
individuals starting new businesses

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

consumers
government planners
individual business people

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do most economies in the world today operate between a market economy and a command economy?

Government control always makes a market economy profitable
most economies have found they need a mix of free market and some government control to be successful and protect consumers
most consumers prefer government control to a free market economy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How could the economies of South Africa and Nigeria be best described?

mixed
market
traditional 
command

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a concern for the economy of South Africa?

Their GDP is lower than all the other countries.
The country has a high unemployment rate
There is not a market for their specialized product.

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