Africa's Economy

Africa's Economy

7th Grade

14 Qs

quiz-placeholder

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Africa's Economy

Africa's Economy

Assessment

Quiz

Social Studies

7th Grade

Easy

Created by

Margaret Haire

Used 1+ times

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14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is NOT likely to occur in a pure command economy?

government owns all businesses

The government sets quotas

markets are not regulated by the government 

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Becoming an expert in one part of a larger business or market is known as

embargo

tariff

specialization

trade

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is a tax placed on imported goods

embargo

tariff

quota

specialization

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A limit on the amount of goods a country will import

trade

tariff

quota

embargo

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A complete ban on trading, usually for political reasons

embargo

tariff

quota

specialization

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

How does currency exchange help international trade?

it only allows trade with border countries

tells people how much their currency is worth in other countries

it is easy to use because it never changes

none of the above

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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

literate people do not commit crimes

literacy helps members of different religions coexist

literacy prevents political division among voters

literate people are better able to secure skilled jobs

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