Gov't/Econ Practice Exam

How is the president of Nigeria elected?

• legislature

• parliament

• citizens

• prime minister

If the standard of living is low in a country then the literacy rate is probably

• remain neutral

• rise up

• be low

• none of the above

Which is another word for taxes?

• savings

• tariff

• debt

• money

Civil War leads to ___________ in Africa.

• high taxes

• quotas

• famine

• embargoes

a limited number on imported tractors from foreign government?

• embargo

• quota

• tariff

• treaty

A type of economy where bartering is used rather than money?

• mixed economy

• market economy

• traditional economy

• command economy

Another word that describes a shortage of food is:

• drought

• water pollution

• famine

• hunger

Which natural resource in Africa is used to fund wars and rebellions?

• Conflict tea

• Conflict gold

• Conflict Uranium

• Conflict diamonds

Investment in factories and tools are known as investment in

• human capital

• natural resources

• entrepreneurs

• Capital goods

A mixture of command and market economies are also known as:

• traditional

• Command

• Market

• Mixed economy