Economics of Africa Review

Economics of Africa Review

7th Grade

40 Qs

quiz-placeholder

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Economics of Africa Review

Economics of Africa Review

Assessment

Quiz

Social Studies

7th Grade

Practice Problem

Medium

Created by

Andrew Christensen

Used 78+ times

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40 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 does South Africa specialize in?

Gold, diamonds and platinum
oil
high quality cotton
textile manufacturing

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