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African Economies 2020 Unit Review

History

6th - 9th Grade

Used 4+ times

African Economies 2020 Unit Review
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30 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A person brings together capital, natural, and human resources to start a custom furniture business. This is an example of

a natural resource

human capital

a capital good

entrepreneurship

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

In Ghana it is easy to start a business. In addition, private businesses get great benefits. What impact does this have on a role of entrepreneurs in Ghana?

Entrepreneurs are not affected.

The efforts of entrepreneurs are limited because of a lack of government rules.

Entrepreneurs will have no real impact on the economy of South Africa.

Entrepreneurs can make a big contribution to South Africa's economy.

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Although both Nigeria and South Africa have an abundance of natural resources, a great number of people live in poverty. Why is this true?

There are no educated people in either of these countries to raise the standard of living.

Political leaders have failed to use natural resources to benefit all citizens.

Both countries are ruled by white minorities that prevent people from making a good income.

Nigeria and South Africa have been at war with each other for 30 years which has prevented growth of the economy.

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

When a country improves its factories, technology, and infrastructure (roads/ports/etc.), which of the following resources is it investing in?

human capital

capital goods

natural resources

currency

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The government of South Africa is spending money to build more roads, railroad tracks, and other infrastructure throughout the country. Why?

When they invest in capital goods, it boosts the economy.

When they invest in capital goods, it keeps the economy from collapsing.

When they invest in capital goods, the people are more willing to work for less pay.

When they invest in capital goods, the government can bribe the people to work more.

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of these would be an example of investing in capital goods?

Upgrading the factories, tools, or technology in your country.

Providing better education for your citizens.

Exploring for more crude oil in your country.

Providing better doctors in the healthcare system for your citizens.

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is the relationship between education and training in a country and the country’s gross domestic product (GDP)?

Countries with a high level of education and training have a higher gross domestic product.

Gross domestic product only deals with the amount of investment in factories and machinery.

The role of entrepreneurs is the only factor affecting gross domestic product.

There is no relationship between education and training and gross domestic product.

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