CSA Final Review

Emphasizing which economic practice MOST helps African economies benefit from international trade?

• specialization

• generalization

• raising interest rates

• lowering inflation rates

Some industries in South Africa, such as housing and healthcare, are controlled by the government. Most other industries, such as mining, agriculture, and manufacturing, are controlled by the private sector, and have helped South Africa become a major economic power in Africa.

Based on the information, what conclusion can be drawn about the South African economy?

• South Africa has a pure market economy.

• South Africa has a pure command economy.

• South Africa has a command economy with some market elements.

• South Africa has a market economy with some command elements.

Which of the following relationships is generally true?

• As a nation's literacy rate increases, its standard of living increases.

• As a nation's unemployment level increases, its standard of living increases.

• As a nation's gross domestic product increases, its standard of living decreases.

• As a nation's human capital increases, its standard of living decreases.

How can maintaining a high literacy rate positively affect a nation's standard of living?

• Literate people do not commit crimes against others.

• Literate people are better able to secure skilled jobs.

• Literacy prevents political division amongst voters.

• Literacy helps members of different religions coexist.

What type of investments would help raise a country's literacy rate and standard of living?

• investments in bonds

• investments in stocks

• investments in human capital

• investments in capital goods

What statistic helps determine a country's investment in human capital?

• how much money the country spends on education

• how much money the country spends on healthcare

• how much money the country spends on infrastructure

• how much money the country spends on the military

What is one benefit of a mixed economy over a pure market economy?

• In a mixed economy, the market determines all prices and goods are produced as efficiently as possible.

• In a mixed economy, taxes are often very low because the government does not provide any public goods.

• In a mixed economy, the government is able to allocate all resources and make sure that they are used efficiently.

• In a mixed economy, government regulations can reduce the negative effects of business activities such as pollution.

In Country X, the nation's chief executive is chosen by the legislature and must also be a member of that legislature. When national elections occur, citizens vote on who will represent them in the legislature, but do not get to vote on who the chief executive will be.

Based on this information, which type of government does Country X have?

• a theocracy

• an autocracy

• a presidential democracy

• a parliamentary democracy

What is one key difference between parliamentary and presidential democracies?

• Citizens elect the chief executive in presidential democracies. Legislators elect the chief executive in parliamentary democracies.

• Citizens elect the chief executive in parliamentary democracies. Legislators elect the chief executive in presidential democracies.

• In presidential democracies, citizens play no role in selecting their nation's leaders. In parliamentary democracies, all leaders are elected by citizens.

• In parliamentary democracies, citizens play no role in selecting their nation's leaders. In presidential democracies, all leaders are elected by citizens.

What kind of government is represented by section A?

• an oligarchy

• a democracy

• an autocracy

• a confederation