Africa's Government and Economy (Kenya, Nigeria, S. Africa)

Which would MOST likely occur in a command economy?

• There are a few obstacles to starting a business.

• The government owns ALL businesses.

• People refuse to trade with each other.

• There are strong private property protections.

How are the governments of Kenya and South Africa similar?

• Both Kenya and South Africa have not developed economically because of trade barriers.

• Major industries may be controlled by the government.

• Private citizens are not allowed to own their own businesses.

• Governments in South Africa and Kenya make all the decisions.

Which scenario will MOST likely happen in a traditional economy?

• Citizens will not trade with each other.

• The government owns all businesses.

• A basket makers son in the village will make baskets.

• People will change careers.

What is Nigeria's largest barrier to trade?

• Corruption in the Nigerian government.

• Nigeria has a lack of natural resources.

• Economic sanctions in Nigeria.

• Nigeria's pure command economy.

Which is a part of a country's human capital?

• Skills and knowledge workers have.

• Taxes collected from a country's workers.

• Money paid to workers for producing goods.

• The amount of goods sold in foreign trade in a year.

What is the gross domestic product?

• The amount collected in taxes from the people in a country in a year.

• Total value of goods and services produced within a country in a year.

• The value of all the products a country buys from foreign nations in a year.

• The value of all goods and services produced by small shops and individually owned businesses in a country.

What are capital goods?

• The factories and machines used to make goods.

• The workers who make the goods and services.

• Money spent to train workers to use new technology.

• Money available for scholarships to graduate schools.

The government of one of the African countries we have studied controls industries like healthcare and housing; however, the private sector controls other industries like mining, manufacturing, and agriculture. Based on this information, what kind of economy does it have?

• A market economy with some command elements.

• A command economy with some market elements.

• A pure command economy.

• A pure market economy.

The government of one country in Africa sold 40 percent of its stake in the government controlled electricity company while another African country began to privatize its government-controlled energy sector as well. What statement is true about both of these countries?

• Both countries have pure command economies

• Both countries are adding market strategies into their economies.

• Both countries have pure market economies

• Both countries are adding more command strategies into their economies